US$80 million invested twin tower project kicked off in Danang
By Giang Son
November 06, 2017 | 05:00 PM GMT+7
The construction of the twin tower including the Movenpick Hotel & Residences and the high-end Risemount Apartment has been started in Danang, a move towards the APEC Summit 2017' week commencing today.
The perspective of the twin tower overlooking Son Tra Peninsula and Danang bay
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.
Essensia Parkway makes significant impact in the high-end real estate market as 100 per cent of the limited collection was successfully registered within just a few hours at the launching event with the theme “Live lux-well, in a truly refined world”.
Essensia Parkway is set to mark a significant milestone as the first branded residences project in Ho Chi Minh City to be operated by WorldHotels – one of the finest portfolios of independent hotels and resorts within BWH Hotels.
While the average price of apartments in Hanoi has reached new heights, with supply primarily concentrated in the premium and luxury segments, there are still no signs of a price slowdown.
Vietnam's hospitality industry is undergoing a major transformation with a brand repositioning strategy that emphasizes unique, sustainable, and community-focused experiences.
