We have stayed in :Colombo on many occasions, but always in hotels. For a change we decided to book an apartment in the same area. The Colombo Residency or Crescat residency as its know is in a prime area of Colombo along the Galle Road. Situated next to the Cinnamon Grande Hotel it is within minutes of the Crescat Mall with its shopping and Food Hall situated on the Lower level. Here you can eat cheaply a variety of different foods Sri, Lankan, vegetarian(Indian) Mongolian, Thai and even pizza.
You are minutes away from Galle Face Hotel and Green, The Ministry of Crab is a 5minute tuk tuk ride away. Fort railway station and Pettah market. the opposite direction is Liberty Plaza, Majestic City , Odell, Paradise Road , House of Fashion.
There is a pool and Gym next door which you have access too. We were in a one bedroom apartment, the Décor was a bit 'tired' and was in need of updating but was spacious with a lounge and kitchenette, bedroom and bathroom. 24hr security.
In terms of location, it can't be .beaten, we would definitely stay here again, perhaps in a 2 bedroom apartment. 3 wheeler tuk tuk rides, make sure they have a meter and its on. Otherwise they can quote any price