Dusit Thani Bangkok is an iconic hotel located at the intersection of Silom Road and Rama 4. It looks as if it will be staying at that spot for the next 3 decades after Dusit Thani Pcl reached an agreement with the Crown Property Bureau to continue leasing the plot of land for a period of 30 years with an option to extend the deal by another 30 years.
“Built in 1970, Dusit Thani Bangkok was the very first iconic landmark of modern Bangkok. It has been a prominent feature of Bangkok’s skyline for almost half a century and symbolised the beginning of the city’s transformation into one of the world’s greatest metropolises in the era of globalisation,” says Chanin Donavanik, Vice Chairman & Chairman of the Executive Committee, Dusit Thani.
Dusit Thani also announced that it will partner with Central Pattana Public Company Limited (CPN) to build a landmark mixed-use real estate development that features a hotel, residences, retail areas, office spaces, and a large green at an additional land plot it received as part of the agreement. The goal is to build a world-class development.
“We plan to elevate the Dusit Thani Bangkok and, in partnership with CPN, create a mixed-use real estate development of international standard with an estimated project value of around THB 36 billion. This project will build on our unique Thai heritage, which has long been synonymous with Dusit Thani, combined with international standards, while utilising space in the area to its full potential. It will be a new icon of Bangkok’s new era the same way the iconic Dusit Thani Bangkok made history 47 years ago,” says Suphajee Suthumpun, Group Chief Executive Officer, Dusit Thani.
This is a very rare opportunity and the company will create a project that benefits both tourists and the general public since the land lies in the heart of a business and retail district, adds Suphajee.
Featured Image: www.dusit.com/dusitthani/bangkok/
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