Vietnam’s Grand Ho Tram breaks ground on new US$1bn development
The project will feature a five-star hotel complex, luxury resort villas, entertainment and an international convention and exhibition centre.
Vietnam.- The Grand Ho Tram has held a ground-breaking ceremony for a new 35-hectare development. With an investment of over US$1bn, the project will have a five-star hotel complex, luxury resort villas, entertainment and an international convention and exhibition centre. It will have more than 6,000 rooms and host up to around 18,000 guests each day.
The project is a partnership between Lodgis Hospitality Holdings and VinaLiving, which is part of the investment company VinaCapital. The groundbreaking ceremony was attended by senior government officials and project partners.
The company said: “This milestone marks the next step in The Grand Ho Tram’s master plan to expand its footprint to 164 hectares and reaffirms its pioneering role in shaping the future of luxury tourism and hospitality in the region.”
Walt Power, CEO of The Grand Ho Tram, said: “We firmly believe in Ho Tram will not only be Vietnam’s leading integrated resort destination but will also be able to compete with top regional destinations such as Singapore, Manila, and Macau, particularly as we work closely with authorities at all levels to explore new growth drivers.”
Intercontinental Grand Ho Tram is located on the southern coast of Vietnam. The complex opened in 2013 and includes a casino exclusively for foreigners with more than 90 gaming tables.
