Dusit International is set to expand its global footprint with the opening of DusitPrincess Dhaka, the company’s first property in Bangladesh, under a long-term arrangement with a subsidiary of Lakeshore Hotels.

As the capital and largest city of Bangladesh, now the second-fastest growing economy in the world, Dhaka is home to thousands of businesses and has one of the largest concentrations of multinational companies in south Asia.

Located in the north of the city, only five minutes by car from Hazrat Shahjalal International Airport, the upper-midscale business hotel will open under Dusit’s newly developed franchising model, which has been designed to give owners maximum returns while operating under a global brand.

The hotel will comprise 80 stylish guest rooms and ten well-appointed suites set over 13 storeys.

Providing easy access to travel routes that avoid the city’s heavy traffic, and located only a short drive from major manufacturing sites and other key commercial districts, DusitPrincess Dhaka will be perfectly positioned to meet the needs of business travellers from all corners of the globe.

“DusitPrincess Dhaka presents us with a fantastic opportunity to showcase our new franchise model in a robust hotel market,” said Lim Boon Kwee, chief operating officer, Dusit International.

“Dynamic partnerships such as this are vital to Dusit’s sustainable and profitable growth worldwide, and we are delighted that Lakeshore Hotels will be flying the flag for our distinctive brand of gracious hospitality in this fast-growing, vibrant economy.”

Dusit International currently operates 29 properties in key destinations around the globe with a further 51 projects already confirmed to open within the next three years.

Alongside DusitPrincess, other brands in the company’s international portfolio include Dusit Thani, dusitD2, and Dusit Devarana.

DusitPrincess Dhaka is slated to open at the end of 2017.