The Vietnamese-American Hotel and Resort (VAHR) Ltd signed three management agreements yesterday, August 24, with a major hotel operator for the The Ritz Carlton, JW Marriott and Outrigger hotels, all US-headquartered.
VAHR was established as a wholly-owned subsidiary of American company ITC Spectrum LLC to develop the Vinh Hoi Bay Golf Resort Project, which covers 325ha, 25km north of Quy Nhon City in Binh Dinh Province.
The Outrigger Vinh Hoi Bay Resort and Spa with 210 rooms and 46 villas will start construction in mid-2011, and is expected to open for business at the end of 2013.
The 100-villa Vinh Hoi Bay, the Ritz-Carlton Reserve, and the 320-room JW Marriott Vinh Hoi Bay Resort&Spa are expected to begin construction in early 2012 and be completed in 2014.
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