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Meritus Hotels & Resorts Relinquishes its Management of
Meritus Westlake Hanoi; Accor Assigned Management
Contract by Owner United Overseas Land
Flagged the Sofitel Plaza Hanoi 

BANGKOK, September 5, 2001 - In a move to further strengthen its lodging portfolio in Vietnam, Accor has signed a management agreement that will add another Sofitel to its six existing hotels in the country.
 

The 322-room Sofitel Plaza Hanoi (formerly the Meritus Westlake Hanoi) enjoys a prime location, 35 minutes from Noi Bai International Airport and just 10 minutes from the capital's historic Old Quarter. It overlooks Hanoi's beautiful West Lake and the Red River in the capital's scenic Lake District.

The property features four fantastic bars and three exciting restaurants, in addition to extensive meeting and convention facilities. The pillar-less ballroom can accommodate up to 400 people, making it one of Hanoi's favourite entertaining choices for business and social functions.

It also has an all-weather, heated 18-metre swimming pool with a retractable roof, the first of its kind in Southeast Asia. 

Accor Asia Pacific Deputy Chairman, Jochen Dobel, said the addition of the Sofitel Plaza Hanoi was part of the company's strategy to align itself with strong investors that are well respected and established in the region.

"Accor sees this agreement as taking our relationship with United Overseas Land (UOL) to the next level. This is our fourth hotel management contract with them, and is a clear indicator of how we view this very important partnership. UOL is an extremely valuable strategic partner for Accor. They have a significant presence around Asia, and we are confident that the two companies will continue to find future business opportunities to explore together."
 

Meritus Relinquishes Managment of Hanoi Property Following Change of Ownership
 
SINGAPORE, SEPTEMBER 1, 2001 - Meritus Hotels & Resorts wishes to announce that following the change in the ownership of the Meritus Westlake Hanoi, it will relinquish its management of the hotel with effect from September 1, 2001. 

Meritus was appointed the hotel management company when its parent company, Overseas Union Enterprise Ltd, (OUE), took up a minority stake in Westlake International Company (WIC) alongside with Pidemco Land (now known as CapitaLand). When CapitaLand announced its intention to divest its ownership of this property in Hanoi, OUE opted to follow suit. 

Meritus� President, Michael Ow, said that these developments have made it necessary for Meritus to re-rationalise its presence in Vietnam. It is strategically more attractive for Meritus to concentrate in destinations where OUE has interest to expand. 

He said that nevertheless, Meritus Hotels & Resorts is proud of the fact that since the official opening of the
322-room deluxe hotel in September 1998, it has successfully positioned the property as the premier hotel in the capital city of Vietnam. The hotel has been the official venue of numerous ASEAN Ministerial Meetings as well as key international conferences and events. 

In the year 2000, two years after it opened, Meritus Westlake was officially conferred the prestigious national 5-STAR AWARD by the Vietnam National Administration of Tourism (VNAT). Following that, it was named one of Vietnam�s TOP TEN HOTELS of the year. In February 2001, Meritus Westlake was named the BEST BUSINESS HOTEL IN HANOI. 

Mr Ow said that his most immediate concern was to assure the employees of the hotel that Meritus� withdrawal from the property should not affect their employment in the hotel. He also said that Meritus will secure the agreement of the new owners to honour all contracts entered into, including reservations accepted, during its management period. He assures the public and travel trade partners that the change will not affect the hotel�s operations nor its customers. 

In addition to the Sofitel Plaza Hanoi, Accor currently manages the 290-room Sofitel Plaza Saigon, in which UOL through its subsidiary holds equity interest; UOL's wholly owned 146-room Novotel Garden Plaza Saigon in Ho Chi Minh City, and UOL's majority owned 359-room Sofitel Plaza Yangon. 

According to Mr Dobel, the Sofitel Plaza Hanoi would perfectly complement the historic Sofitel Metropole Hanoi, offering business and leisure travellers two exciting locations from which to experience Vietnam's unique northern hospitality.
 

"The Metropole has traditionally been strong in the corporate market and has also attracted travellers fascinated by the history of the hotel. The Sofitel Plaza Hanoi is a modern hotel located in a different part of the capital that will appeal to another market segment," Mr Dobel, said.

Other Accor managed hotels in Vietnam include the Sofitel Dalat Palace, Novotel Dalat and the Novotel Coralia Phan Thiet.
 


Sofitel Plaza Hanoi - 
formerly the Meritus Westlake Hanoi
1 Thanh Nien Road, Ba Dinh District, 
Hanoi, Vietnam
The announcement of the Sofitel Plaza Hanoi follows recent Sofitel launches in Bangkok, New York, Paris, Tokyo and Siem Reap; with additional Sofitels scheduled to open over the next year in London, Buenos Aires, Chicago and Washington.

Sofitel is the premier brand of Accor hotels, with over 150 properties that bring a unique « art de vivre à la française » to prime locations around the world. 

With 145,000 associates in 140 countries, Accor is the European leader and one of the world's largest groups in travel, tourism and corporate services, with two major international activities.

###
Contact:
Tom Racette
Manager PR and Communications - Asia
Tel: (662) 267-0810 ext 2008
[email protected]

 
Also See Meritus Westlake has Soft-Opened in Hanoi, Viet Nam / March 1998 
Six Smaller Asian Hotel Companies Align to Confront Advances of Multinational Hotel Companies / Aug 2001 

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