The project attracting the total investment capital of VND1.8 trillion (roughly U$79.37 million) has two basements and 31 floors above the ground, including 151 hotel rooms and 259 condotels.
The twin tower is expected to be completed by the end of 2019. It is located on an area of 11,000 square meters on the bank of Han river and adjacent to the Danang City Administration Center and the Novotel hotel.
PAVNC Risemount is the investor of the project of which general contractor is Hoa Binh Construction Group JSC.
The partners involved in the project include Wright Architecture, a Japanese firm; Darkhorse, an Australian interior designer; and ASPT, a Vietnamese architectural firm.
The Movenpick Hotels & Residences - Risemount Apartment Danang will be managed and operated by Movenpick Group, a Swiss group of companies with global presence.
Risemount is a brand developed by Vicoland Development House and Construction Group. It has the Risemount Premier Danang Resort including 103 hotel rooms operated in late 2016 on Nguyen Van Thoai street, Danang. Also, the Risemount Luxury Lang Co resort is being built at Lang Co beach in Thua Thien-Hue province with 52 villas and 100 hotel rooms.