Dusit Thani International will build a two-billion peso hotel complex in Davao. The 1.2 hectare scheme will be named Dusit Thani Residences and is being built in partnership with Toree Lorenzo Development Corporation.
The complex will be built at Siam 8000, in Barangay Pampanga, Davao City. “We’re incorporating the essential elements to create communities that enhance the way people live,” said Tomas P Lorenzo, Torre Lorenzo president. “We are proud with what we planned for Siam 8000, that will be defined through its distinguishing landmark, the Dusit Thani Residences.”
Dusit Thani Residences said this was a first for them in the Davao area. The complex will be ready by 2016 and will be the latest in the company’s 25-year record of building high-end hotels and condos in the Philippines.
“We are very confident that our partnership with Torre Lorenzo will be successful, given the alignment in vision, complimentary skill sets, and each stakeholder’s commitment to quality,” said Ryan Chen, Dusit International’s Director of Development for Asia Pacific.
Chen said that Davao City had immense potential as a travel destination – and with their help can also build a superior real estate market as well.