The joint venture of financially powerful partners will kick off construction of US$16 million Hoi An Royal Bay, the five star resort in the central Hoi An Ancient Town this year.
On April 14, in Hoi An town in the central province of Quang Nam, VinaCapital Hoi An Resort Company Ltd, the joint venture between Onshine Investment Limited (OIL) belonging to VinaCapital, and Sai Thanh Investment and International Tourism (STI) presented its management board before the public and introduced the master design for the Hoi An Royal Bay project.
Nguyen Duc Tri, Director General of STI, said site clearance has been nearly completed just three months after project licensing. The master design of the project has been completed and approved by the Quang Nam Construction Department.
Hoi An Royal Bay will be built to meet the requirements for a five star resort, covering an area of 7.3 ha in the coastal commune of Dien Duong in Dien Ban district.
As the investors want to set up a high-grade resort with hotels and villas which are modern and luxurious while retaining specific cultural and historical characteristics of the locality, Hoi An Royal Bay has been designed to have nearly 100 small villas for group or family clients. In addition, the resort will also have a swimming pool, restaurants, entertainment clubs, a gymnasium, and grass cover.
Le Minh Phuc, Director General of VinaCapital Hoi An, said the construction of Hoi An Royal Bay will be completed after 30 months, and it will be put into operation in 2009.
Mr Phuc added that the resort will be managed by Accor, the world’s leading hotel management group.
Presently, Hoi An has around 1,000 ancient houses and 16 tourist transport companies, with a total of 65 four to 45-seat cars, 24 cruise ships and 10 high-speed ships.
The town together with My Son Holy Land are two World Heritage Sites in Quang Nam. (Vietnam Economic Times Apr 17 p4, VietNamNet)
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