Legal Notification

Termination of Residence Management Agreement relating to Dusit Thani Balapitiya Beachfront Sri Lanka

“Dusit International has received a number of queries concerning the proposed development of a Dusit Thani Balapitiya Beachfront, Sri Lanka (Project). Affiliates of Dusit International (Dusit) had previously entered into Technical Consultancy Agreement, Residence Management Agreement and Residences Licensing Agreement with the developer or project owner (INDOLA GROUP PVT. LTD. and INDOLA SERVICES PVT. LTD.) to provide certain technical advisory services during construction of the Project and following completion of such construction, to provide residential management service for the Project and to grant the developer the right to use ‘Dusit Thani’ brand for operation of the Project.

However, in March 2022 Dusit has terminated all agreements with the developer and no longer has any contractual arrangements with the developer. As such, Dusit will not manage the residential units under the Project. To the extent that any marketing literature (including brochures or statements on websites) suggest otherwise, it is incorrect. Dusit has demanded that any such representations cease.

Dusit has had no role in sales and marketing the proposed development or in dealing with purported investors or buyers. All enquiries should be directed to the developer.”