US$88-million hotel project commenced in Ha Long Bay
By Minh Anh
December 08, 2017 | 07:36 AM GMT+7
Project of Double Tree by Hilton Hạ Long Bay Hotel & Condotel which is invested by Tri Duc Hotel Joint Stock Company was commenced on December 06, 2017.
Perspective of Double Tree by Hilton Hạ Long Bay Hotel & Condotel.
Coteccons Construction Joint Stock Company was awarded as the main contractor of the project.
The project has construction scale of a basement and 23 floors with total floor area of nearly 60,000 m2
The project is expected to be completed in 2020 with a five-star international standard hotel operated by the America-based Hilton Hotel Group and a luxury condotel.
Despite being the largest tourism center in the country and welcoming nearly eight million visitors annually, Quang Ninh province in general and Ha Long Bay in particular, have not attracted big hotel management groups in the world.
Currently, Wyndham Legend Halong Hotel is the largest internationally branded hotel in Ha Long, but still smaller than two hotels owned by the Vietnamese investors, namely Vinpearl and Muong Thanh.
Sheraton, a subsidiary of Starwood Hotels & Resorts Worldwide, Inc. from the US, is also expected to be present in Ha Long through the management of a hotel owned by Club M Ha Long Joint Stock Company with a total investment capital of VND1,650 billion (US$72.75). However, the project is sluggish without information about when it will be opened.
In addition, Royal International Joint Stock Company is also promoting the investment in a hotel complex with 1,500 - 1,800 rooms in Bai Chay.
PVI Asset Management (PVI AM) and SonKim Capital (SK Capital), a business unit of SonKim Group has announced a strategic collaboration to develop innovative real estate investment products tailored for institutional investors and high-net-worth individuals.
Filum AI has successfully raised $1 million in funding despite a challenging venture capital market, underscoring the potential of AI and shifting investment strategies.
Enterprises are advised to promptly assess and evaluate the impact of the changes in the newly-issued to ensure timely compliance in the upcoming tax finalization period.
Lux Travel DMC has solidified its position as one of the global leaders in sustainable tourism with the prestigious Travelife Certified Sustainability Award 2025.
As AI becomes more prevalent, business leaders must evolve - blending management expertise with a deep understanding of technology and its applications.
