Central city to introduce tourism property project

22-Jan-2021 Intellasia | VNS | 6:02 AM Print This Post

Property developer PGT has inked a cooperation and operation agreement with InterContinetal Hotels Group (IHG) PLC, Ong&Ong Singapore, VLand and Savills Vietnam to develop a beachfront luxury apartment and hotel complex this year in Da Nang.

The complex on the pristine beach of My Khe in Son Tra peninsular will be managed and distributed by Savills Vietnam and V.Land.

Following the agreement, the firm and partners will introduce the five-star Crowne Plaza Da Nang waterfront hotel and The 6nature Danang Apartment in the first quarter of 2021.

The 40-storey coastal two-block complex, built with an investment of $88.5 million by PGT, will be designed by Singaporean Ong&Ong company to supply luxurious apartment and hotel rooms.

Chair of PGT Group Le Anh Trieu said the complex would be an attractive landmark for tourists and residential demand on the beach of Da Nang and Son Tra Nature Reserve.

Da Nang is a top destination for foreign investment and an increasingly popular tourist hub in central Vietnam.

The city has so far developed 16 tourist property projects consisting of 749 villas, of which 609 are for sale and 140 for lease.

According to the city’s planning and investment department, more five key tourism property projects will be developed in 2021.



Category: Business, Vietnam

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