Tuesday, July 31, 2007

A US$65 million luxury hotel complex broke ground in the Hanoi suburbs Saturday

The 21-storey, 363-room Crown Plaza will share a 13,000 sq.m plot in Tu Liem district near the National Sport Complex with a 20-storey office block and a 14-storey apartment tower.

The complex is set to open in 2009, according to Tran Hong Quan Company, the project’s main investor.

The developer said the Crown Plaza was designed to international standards and would meet the Vietnam National Administration of Tourism’s five-start hotel criteria.

It would be managed by the Intercontinental Hotels Group.

The construction of the Crown Plaza is one of several major high-end hotel projects slated for Hanoi in the year’s second half. In total, the hotel projects are worth over $1.17 billion.

Vietnam Real Estate News

Chao Vietnam Properties