The joint venture has commenced construction of the first Wínk Hotel at 75 Nguyen Binh Khiem, Ho Chi Minh City.
Located in a rapidly gentrifying area within District 1, the 237-room hotel will offer modern design, a hip interactive lobby, co-working space, innovative food and beverage concepts, cutting edge technology and beautifully appointed minimalist-style guestrooms.
“This is a memorable milestone for ICC-Kajima,” notes Peter Ryder, CEO of Indochina Capital. “I look forward to sharing updates with everyone as this project progresses and as ICC-Kajima rolls out a series of new developments in the years ahead.”
With an investment mandate of $1 billion plus, spread over the next several years, ICC-Kajima is committed to develop innovative and high-quality projects throughout Vietnam. The company’s mandate is broad, encompassing virtually all types of real estate, includong commercial, residential, hospitality and industrial/logistics.
Wínk Hotels is a key component, and ICC-Kajima targets building as many as 20 Wínk Hotels over the next five to seven years, in Vietnam’s primary and secondary cities, with potential expansion into neighboring markets, such as Cambodia and Laos.
The first Wínk hotel is set to open in the first quarter of 2020, and shortly thereafter, will be complimented by Wínk Hotels in Hanoi, Danang, Hai Phong and other domestic markets.
The Wínk brand represents the power and tenacity of the Vietnamese people, catering to their fast-paced lifestyle and their growing awareness and interaction with the world at large. Wínk aims to champion the “affordable luxury” segment in Vietnam, with a prominent focus on delivering an exciting lifestyle experience.
“The company has a clear strategy which addresses the current and future demands of the market in Vietnam, with a focus on delivering visionary real estate developments while maintaining our commitment to architectural excellence, international construction standards, environmental sustainability and social responsibility,” added Ryder.
Working closely with AW2, a Paris-based architecture company, and QUO Global, an innovative hospitality branding agency, Wínk aims to transform the landscape of the hotel industry in Vietnam and establish itself as a leading lifestyle brand with its forward-thinking approach and commitment to embracing both the modern and the traditional.
ICC-Kajima is a joint venture between Indochina Capital, a leading real estate property developer in Vietnam, and Kajima Corporation, Japan’s most prolific overseas real estate developer.
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