PEGASUS REEF THE CITY HOTEL THAT’S JUST RIGHT Welcome to Pegasus Reef Hotel and thank you for choosing us as your holiday destination. We have been in the business of leisure for over four decades and were one of the pioneers in Sri Lanka’s travel & tourism industry. Having consistently evolved over the years to offer our guests an unmatched experience, today we are one of the leading star rated beach hotels in Wattala, Sri Lanka. With modern facilities, spacious rooms, romantic suites and delectable international and local cuisine, Pegasus Reef provides for intimate getaways, modern corporate spaces, stunning wedding venues and unforgettable memories. Nestled between lush tropical gardens and the cerulean Indian Ocean, this Colombo Airport hotel is situated just 24 km from the Bandaranaike International Airport and 13 km from the Colombo city center. With a quiet and tranquil surroundings, it is the perfect base for leisure and corporate travellers alike.