The lease will be extended by 30 years with the right to extend for another 30 years.
Chanin Donavanik, vice chairman of Dusit and chairman of its executive committee, said that together with its partner Central Pattana, his company would further elevate Dusit Thani Bangkok’s standing as one of the world’s renowned hotels.
It will also build a landmark mixed-use real-estate development worth up to Bt36.7 billion that features a hotel, residences, retail areas and office space, with a large green space, he said.