11:03:16 AM | 31/7/2007
Tran Hong Quan Ltd broke ground on a US$65 million hotel complex in Tu Liem District in the capital of Hanoi on July 28, hoping to help ease the shortage of luxurious accommodations in the city.
The Crown Plaza, covering a total 13,000 sq.m, will feature a five-star hotel, a commercial space and a 14-storey residential tower.
The construction is expected to be completed by December 2009.
Hanoi has over 500 hotels/motels available to travelers, totaling more than 12,700 rooms. Of which, there are only eight five-star hotels, six four-star hotels and nearly 20 three-star hotels.
It is estimated that Hanoi will receive two million international visitors by 2010 and therefore the city will be short 13,000 hotel rooms, especially in 3-star and 5-star accommodation.
Hanoi is not only the tourism center but also tourist distribution center for Vietnam. At present, 33 per cent of foreign tourists to Vietnam come to Hanoi. (Investment)
Vietnamese
