BANGKOK, 23 November 2021: Dusit International has entered a
strategic partnership agreement with Ananda Development Public Company Limited
to provide property management services for Ananda’s new luxury residential
project in Bangkok.

COCO Parc Managed by Dusit Hospitality Services, is the
first collaboration between a leading hotel chain and a leading condominium
developer in Thailand.

The 70-year old Dusit International will provide management
services for the Ananda project through its 100% owned subsidiary, Dusit
Hospitality Services Co Ltd.

Services will include providing onsite staff to deliver
high-quality services to residents, including concierge and 24-hour security
and maintenance, plus on-demand services, such as laundry, catering, event planning
and private party arrangements for residents.

Valued at over THB4.6 billion, COCO Parc Managed by Dusit
Hospitality Services will comprise 486 units in a prime location on Bangkok’s
Rama IV road, a high potential growth area already featuring many large-scale
projects including Dusit Central Park, Samyan Mitrtown, One Bangkok, and The
Parq with MedPark, a premium hospital.

COCO Parc Managed by Dusit Hospitality Services, should open
in September 2022, with the first condominium unit transferring in November
2022.