The Dusit Thani Bangkok, an iconic building Bangkok City Centre Hotel constructed back in 1970, will be undergoing a massive redevelopment and renovation, closing down hotel operations, and becoming a mixed-use project.
Once one of the Thai capital’s most famous destinations for five-star luxury, the Bangkok City Centre Hotel known as the Dusit Thani Bangkok hotel will reportedly be closing in a month’s time in order to get started on a redevelopment that’ll cost about $1.1 billion. According to an announcement from the hotel itself, the redevelopment will be a massive change, adding office, retail and residential spaces to the property, while cutting down its rooms to half.
Dusit Thain PCL Chief Financial Officer Naroingchai Wongthanavimok spoke on the matter during a recent interview, saying they did get a lot of people imploring them not to tear down the iconic hotel, but they saw it as a necessity. He says that they can’t really compete with the other luxury hotels in the capital thanks to the intense competition in the industry.
Narongchai also stated that Dusit Thani’s long-term plans include expanding overseas revenue by keeping an eye on opportunities to acquire in Europe that they can use to carry the hotel’s iconic brand and legacy.
The redevelopment is a joint venture between Dusit Thani and Central Pattana PCL, which acquired about 23% of the stakes in Dusit Thani earlier in May.
The redevelopment project is also a heritage preservation effort, with Silpakorn University working with Dusit Thani for their ‘Preserving Dusit Thani Bangkok’s Artistic Heritage’, which will see the university’s preservation experts come into the hotel in order to carefully identify, document, dismantle and preserve key items from the hotel that contain historical and artistic value. These items will then be reused for the hotel’s reopening, scheduled for 2023.
Additionally, data and photographs of the project will also be used to create a digital book that visitors and guests to the building so they can see the building’s original design and rich history.
Originally, the hotel was to have its last day of operations in Aug. 16, 2018, but the closing time was extended in order to let Dusit and its partners time to add value to the hotel’s redevelopment. The project will be opening as part of the Bt36.7B landmark mixed-use project to be developed in part with Central Pattana.