Tai Nguyen Construction and Trading Company just signed a contract with the Switzerland based Mövenpick world-renowned hotel and restaurant management group on May 11 to manage the tallest five star hotel, Kenton Node Hotel Complex in Ho Chi Minh City.
Founded in 1996, Tai Nguyen Construction and Trading Company currently owns three branches in Hanoi city, Ho Chi Minh city and Binh Thuan province, three subsidiaries, two affiliates and the University of Technology and Management (UTM).
Kenton Node Hotel Complex is a part of Kenton Node Complex located at Nguyen Van Linh - Nguyen Huu Tho intersection.
It has an area of nearly 11ha including nine buildings with many features such as luxury apartments, hotels, entertainment services, food and beverage centers.
Upon its completion, Kenton Node Hotel Complex will become the first and highest five star international standard hotel in the South of Ho Chi Minh city. With 44 leves, this hotel will allow people to see the panoramic view of South Saigon and Phu My Hung new urban area.
Kenton Node Complex was initially Kenton Residences, which only planned to develop apartments starting in 2009, with the estimated total investment capital of $350 million.
However, according to the approved adjustment plan in 2017, the project was changed to Kenton Node, which is a complex of residential apartments, hotels, shopping center, school, theater, clinics. The total investment capital afterwards is estimated to be approximately $800 million.
Specifically, the five star hotel has 288 rooms, the condotel has 586 flats and the apartment includes 1,683 units with an area of 47 square metre to 142 square metre.
The complex will also contain nightly entertainments like water music, a 1.8 km walking street, four shopping zones, Singapore’s medical and stem cell center etc.
Mövenpick Hotels & Resorts is a world-renowned hotel and restaurant management group from Switzerland with over 75 years of development, which has currently appeared in Hanoi city, Da Nang city, Cam Ranh city and Phu Quoc island.
By cooperating with Tai Nguyen Construction and Trading company, Mövenpick Hotels & Resorts will officially be present in Ho Chi Minh city to manage the first five star hotel in South Saigon.
Tags:
Tags:
The supply of luxury apartments in central Hanoi is becoming increasingly scarce, pushing starting prices to new highs.
Vietnam's hospitality industry is undergoing a major transformation with a brand repositioning strategy that emphasizes unique, sustainable, and community-focused experiences.
High demand and limited supply drive transactions in major urban areas despite soaring costs.
Despite the real estate market's lackluster performance, several companies are accelerating land acquisition efforts.
Hanoi is set to receive a significant future supply of over 100,000 apartments starting from 2025, a tenfold increase compared to the current availability.
Hanoi’s apartment prices are expected to continue rising until supply and legal bottlenecks are resolved, according to experts.
