Hotel Online
News for the Hospitality Executive

advertisement
 
 

Indochina Capital Developing the $100 million Hyatt Regency Danang Resort
and Spa on China Beach, Danang, Vietnam

.

DANANG, Vietnam (20 March 2008) — The golden sands of Vietnam’s 3,400-kilometer coastline scored its first internationally renown brand March 19 when Hyatt Hotels & Resorts broke ground on an expansive beach resort in Vietnam.
 
Hyatt Regency Danang Resort and Spa on China Beach joins the Park Hyatt in Ho Chi Minh City’s first district as the second Hyatt property in Vietnam. Worldwide, Hyatt operates 750 hotels. Its other beach resorts in Southeast Asia include Hyatt Regency Hua Hin in Thailand, Grand Hyatt Bali and Bali Hyatt in Indonesia, and Hyatt Regency Kuantan Resort in Malaysia.
.
.
“While some excellent beach resorts have opened in Vietnam, none possess the brand appeal of the Hyatt,” said Peter Ryder, CEO of Indochina Capital, the resort’s developer. “We expect that Hyatt’s reputation will attract legions of new travelers to Vietnam from around the world.”
 
Scheduled to open in early 2010, after a US $100 million investment, the resort’s 226 guest rooms will be complemented by residential developments, including 150 condominium and 30 two-storey oceanfront villas for sale. The resort is located 15 minutes by car from Danang International Airport, at the base of the Marble Mountains and near the UNESCO World Heritage Sites at Hoi An (10km), My Son (40km) and Hue (80km).
 
“This setting is renown throughout Asia for two reasons — China Beach and the Marble Mountains,” said Grahame Carder, vice president of marketing – Asia Pacific at Hyatt Hotels & Resorts. “We’re building on 650 meters of beachfront, and we’re at the foot of the legendary Marble Mountains. In Vietnam, we can’t think of a better combination of cultural appeal and tropical getaway.”
 
Four architects are combining talents to build the resort on the 20-hectare site. RMJM Singapore Pte Ltd. is the lead designer. Diana Simpson Designs, based in Australia, is working up the interior designs. Site Concepts International, based in the United States, is developing the landscape. And Studio Daminato, based in Singapore, will design the resort’s restaurant.
 
The hotel’s 226 rooms are grouped in clusters of three-storey buildings, angled to optimize views of the ocean. A number of two-storey blocks are set amid tropical gardens. The rooms segue from indoors to outdoors over spacious outdoor decks that act as extensions of the personal space within.
 
“Architecturally, Vietnam — and central Vietnam in particular — is an incredible visual resource for designers,” said Karen Lim, design director at RMJM Singapore Pte Ltd. “For Hyatt Regency Danang Resort and Spa, we’ve preserved the essence and intimacy of the Vietnamese village in clusters of buildings. We’ve also integrated one of the region’s most fabled architectural attributes — the rampart’s of Hue’s Citadel — as a gateway to the property.”
 
RMJM has designed the Scottish Parliament Building in Edinburgh, the Oktha Tower in St. Petersburg, Russia and the Beijing Olympic Green Convention Centre in China. 
 
Another of the resort’s distinguishing features will be a subterranean spa setting, accessed by a canyon-like gallery visible as a crack in the landscape at ground level. Each of the 30 beachfront residences feature three bedrooms, a pool and a garden, as well as views of the sea.
 
At the resort’s north end, the apartments will be situated in a suite of buildings, ranging in height from six to 14 storeys. Nearly every one of these units will offer a sea view.
 
“Indochina Capital’s vision for this project is a testament to the group’s ambition to put Vietnam on a par with the world’s most distinguished destinations for travelers,” said Carder. “We’re proud to be associated with a project of such magnitude.”
 
As Vietnam’s third largest city, Danang’s rising appeal as a destination has prompted the inclusion of a convention center, anchored by a 500-square-meter banquet hall.
 
“The wider world is just waking up to this region,” said Ryder. “The days of Good Morning, Vietnam are long over, and the Hyatt’s enthusiasm for this project attests to that.”
 
About Indochina Capital

Founded in 1999, Indochina Capital is one of Vietnam’s leading financial services firms with diversified fund management and financial advisory businesses. Indochina Capital manages and has projects under development of US$1.8 billion in three funds and numerous special accounts, including two real estate funds and Indochina Capital Vietnam Holdings, which in March 2007 became the first Vietnam related company to list on a major global stock market, the London Stock Exchange main board. Indochina Capital also owns a controlling interest in and manages Mekong Securities, a leading Vietnamese broker/dealer and investment bank.
 
Indochina Land is the real estate division of Indochina Capital. Today, the division manages two real estate funds with over US$300 million under management facilitating investment in over US$1.2 billion in property projects. To date, Indochina Land’s portfolio includes more than 20 properties and projects in Hanoi, Ho Chi Minh City, and the Central Coast. Indochina Land  has been involved in real estate projects covering the full range of property types, including residential, retail, office, resort, hotel, other leisure properties (golf and sailing clubs) and industrial properties. The company is currently raising its third real estate fund, Indochina Land Holdings 3, to be capitalized at $500 million plus.
 
 
About Global Hyatt
 
Global Hyatt Corporation, one of the world’s premier hotel companies, offers today’s travellers more than 750 hotels and resorts (more than 140,000 rooms) in more than 45 countries. The company’s affiliates own, operate, manage and franchise Hyatt-branded hotels and resorts under Park Hyatt™, Grand Hyatt™, Hyatt Regency™, Hyatt Resorts™, Hyatt®, Hyatt Place™ and Hyatt Summerfield Suites® brands, as well as the company’s newest global luxury brand, Andaz™, which recently opened its first property in London. Global Hyatt Corporation is also the owner of Hyatt Vacation Ownership, Inc. operator of Hyatt Vacation Club and fractional residential properties and U.S. Franchise Systems, Inc, which franchises Hawthorn Suites and Microtel Inns and Suites. Reservations for any Hyatt hotels worldwide may be obtained by calling your local Hyatt hotel, Hyatt Worldwide Reservations Centre or logging onto www.hyatt.com
 

.
Contact:
 

Lan Vo
Mandarin Media
54.931.090
lan@mandarinmedia.net 
 

.
.
Also See: InterContinental Hotels Group Signs Agreement to Manage a New-build, 500-room Hotel Under the Crowne Plaza Brand in Danang, Vietnam / January 2007
Viceroy Hotels and Resorts Partnering with Indochina Land and Secured Capital Japan to Develop Resort on Vietnam’s China Beach / December 2007
.

 


To search Hotel Online data base of News and Trends Go to Hotel.OnlineSearch
Home | Welcome| Hospitality News | Classifieds| One-on-One |
Viewpoint Forum | Industry Resources | Press Releases
Please contact Hotel.Onlinewith your comments and suggestions.