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| danang draws new luxury hotels |
| Vietnam's beach resort city of Danang is becoming a luxury |
 Vietnam's beach resort city of Danang is becoming a luxury integrated resort destination with the increasing entry of luxury hotel chains.
The 198-room Furama Resort is now Danang's only international five-star property. Between 2009 and 2010, new hotels will include Raffles, Hyatt Regency and JW Marriott.
Furama Resort Danang executive assistant manager, Mr Nguyen Duc Quynh, said the new openings would help make Danang more popular worldwide.
Mr Quynh added: "Competition will certainly be on the horizon. However, more luxury properties with more publicity and marketing activities for the destination will make Danang more competitive than other places in Vietnam such as Hoi An or Nha Trang, as well as in South-east Asia such as Phuket or Bali."
One of the new luxury hotel projects is the 271-key JW Marriott Danang Resort. The beachfront resort is part of an upscale mixed-use development, which includes residential villas, a Greg Norman-designed golf course and a convention and exhibition centre.
It is one of VinaCapital's four projects in Danang, worth US$800 million. The company has just broken ground on its fourth project, a US$325 million commercial complex, slated to be the largest in central Vietnam.
Indochina Capital is investing US$100 million on the beachfront Hyatt Regency Danang Resort and Spa and residential developments. The 258-key resort is the second Hyatt in Vietnam, after a Park Hyatt in Ho Chi Minh City.
Kingdom Hotel Investments is developing Raffles Hotels Residences with 138 private units priced between US$285,000 and US$1 million.
Danang is also seeing other upscale developments. The beachfront 182-room Life Resort Danang is slated to open in 2009 with function space for 500 people banquet-style and 750 theatre-style.
South Korea's Daewon Cantavil started building D-City in April. It will comprise a luxury hotel and resort complex, 18-hole golf course, high-rise apartment building, park, school, theatre and a commercial and cultural centre.
US-based Oaktree, too, plans to invest about US$5 billion on the Lang Van Resort complex with 4,000 rooms, a marina, golf course, entertainment area and a cable car system that connects to the top of the Hai Van mountain pass. |
| Posted on Oct 16, 2008, Resource from Sirima Eamtako |
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