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New Luxury Hotel to be Built in Vietnam

12/08/07 11:19

Because of the growing demand for luxury resorts and hotels in the region, King Hotel Investments ("KHI") has acquired a lot for building a new beachfront luxury hotel in Da Nang, Vietnam.

Tagged at 65 million US dollars, the proposed resort will have 150 suites and 15 residential villas. It is projected to be open on 2011.

This is the hotel chain's third acquisition in Asia.

30 January 2007: Kingdom Hotel Investments Announces Luxury Raffles Resort Development - Raffles Da Nang Resort and Residences, Da Nang, Vietnam

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