Bangkok Bank provides loans to Dusit Thani Public Company Limited

Wednesday 06 October 2021 11:07
Bangkok Bank Public Company Limited (BBL) has approved a long-term credit loan to Dusit Thani Public Company Limited (DUSIT) for its business operations, plus a property development loan towards new hotels under DUSIT's new ASAI Hotels brand, as well as projects under the company's real estate development business.
Bangkok Bank provides loans to Dusit Thani Public Company Limited

This includes DUSIT's most significant property development to date, Dusit Central Park, a 23-rai mixed-use project opposite Lumpini Park in the heart of Bangkok on the corner of Silom and Rama IV roads.

Being developed under Vimarn Suriya Company Limited, a subsidiary of DUSIT, the project will comprise the new flagship Dusit Thani Bangkok Hotel alongside the Central Park Shopping Centre, Central Park Offices, Dusit Residences and Dusit Parkside condominiums, and a large rooftop park. The company has just appointed Ritta Company Limited as a main contractor. Construction is continuing as planned with underground work now underway.

The first phase of the project, which comprises the new Dusit Thani Bangkok Hotel, is expected to open at the end of 2023. The Central Park and Central Park Offices will follow in 2024, and the residences will be completed around 2025.

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Mr Chartsiri Sophonpanich, President of Bangkok Bank Plc. and Senior Executives from Bangkok Bank Public Company (BBL) formalised the loans with Senior Executives from Dusit Thani Public Company Limited (DUSIT), including Mr Chanin Donavanik, Vice Chairman and Chairman of the Executive Committee, DUSIT; Ms Suphajee Suthumpun, Group Chief Executive Officer, DUSIT; and Ms La-ead Kovavisaruch, Chief Investment Officer, DUSIT, and Chief Executive Officer of Vimarn Suriya Company Limited, the subsidiary which operates Dusit Central Park.

Source: Dusit Thani