Kim Long Nam Group emerges as a new player in Da Nang Real Estate

The introduction ceremony of Kim Long Nam Group was held on January 14, 2018.

The Group, which has a charter capital of VND2,000 billion (US$88.2 million), specializes in real estate investment with five strategic brands including Kim Long City (urban complex), Kim Long Season (hotel-condotel), Kim Long Ocean (resort), Kim Long Plaza (commercial center) and Kim Long Tower (hometel).

In the ceremony, Kim Long Nam signed the comprehensive cooperation agreement with two strategic partners, Manhatton Hotel Group (MHG) and Saigon Commercial Joint Stock Bank (SHB).

MHG is managing a network of more than 60 hotels and resorts all over 20 countries, with five hotel brands including Manhattan, Grand View, Manle, Park Regis, Leisure Inn, and more than 10 million global members.

Davey Dang, CEO of MHG, said that MHG is expanding its investment and hotel management in other countries including Vietnam, as he believes that Vietnam’s tourism is just at an early stage of development and is booming in the coming years.

Dang was especially impressed by the strong development of Da Nang for its beautiful scenery and beaches, international flights. Despite the increasing supply of hotels, Dang still believed there is plenty of rooms for MHG to develop new projects.

MHG will operate real estate projects of Kim Long Season and Kim Long Ocean brands, of which at first MHG will manage Kim Long Season My Khe under the Manhatton brand.

MHG says the selection of the right partner to develop the first project is very important in deciding the success or failure of MHG in that market, Dang said. 

Similarly, Nguyen Hai Dang, CEO of Kim Long Nam, said that cooperation with MHG will be an important initial step to strengthen Kim Long Nam’s position.

Dang added that the cooperation between Kim Long Nam and SHB will enhance the financial strength to help the group complete projects in a more convenient, effective and quicker manner. Furthermore, the cooperation with reputable financial partner SHB also confirmed the effectiveness and reliability of the projects that the Group is implementing.