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First Wínk Hotel under construction

Released at: 17:07, 30/11/2018

First Wínk Hotel under construction

Photo: ICC-Kajima

First "affordable luxury" hotel to open in HCMC's District 1 in Q1 2020

by Linh San

Indochina Kajima Development Limited (ICC-Kajima) has announced the commencement of construction of the first Wínk Hotel, at 75 Nguyen Binh Khiem, Ho Chi Minh City.

ICC-Kajima, a joint venture between Indochina Capital, a leading real estate property developer in Vietnam, and the Kajima Corporation, Japan’s most prolific overseas real estate developer, hosted its first breaking ground ceremony on November 30 for Wínk 75 Nguyen Binh Khiem (Wínk 75NBK), the first Wínk Hotel in Vietnam, marking a key milestone for the company.

Wínk 75 NBK, located in a rapidly gentrifying area within District 1, the city’s CBD, will appeal to young-at-heart business and leisure travelers. The 237-room hotel will offer modern design, a hip interactive lobby, a co-working space, innovative food and beverage concepts, cutting edge technology, and beautifully appointed minimalist-style guestrooms.

“We are very excited to start construction of the Wínk Hotel at 75 Nguyen Binh Khiem,” said Mr. Peter Ryder, CEO of Indochina Capital. “I look forward to sharing updates with everyone as this project progresses and as ICC-Kajima rolls out a series of new developments in the years ahead. The company has a clear strategy that addresses the current and future demands of the market in Vietnam, with a focus on delivering visionary real estate developments while maintaining our commitment to architectural excellence, international construction standards, environmental sustainability, and social responsibility.”

Wínk 75 NBK is set to open in the first quarter of 2020, and shortly thereafter will be complemented by Wínk Hotels in Hanoi, Da Nang, Hai Phong and other domestic markets. The Wínk brand represents the power and tenacity of the Vietnamese people, catering to their fast-paced lifestyle and their growing awareness and interaction with the world at large. Wínk aims to champion the “affordable luxury” segment in Vietnam, with a prominent focus on delivering an exciting lifestyle experience.

With an investment mandate of $1 billion plus, spread over the next several years, ICC-Kajima is committed to developing innovative and high-quality projects throughout Vietnam. The company’s mandate is broad, encompassing virtually all types of real estate (commercial, residential, hospitality, and industrial/logistics).

Wínk Hotels is a key component, and ICC-Kajima targets building as many as 20 Wínk Hotels over the next five to seven years, in Vietnam’s primary and secondary cities, with potential expansion into neighboring markets such as Cambodia and Laos.

Working closely with AW2, a Paris-based architecture company, and QUO Global, an innovative hospitality branding agency, Wínk aims to transform the landscape of the hotel industry in Vietnam and establish itself as a leading lifestyle brand with its forward-thinking approach and commitment to embracing both the modern and the traditional.

In September 2016, Indochina Capital entered into a joint venture with Kajima Corporation, one of the big five Japanese contractors and Japan’s largest overseas real estate developer, to launch ICC-Kajima, a new real estate development platform in Vietnam.

Indochina Kajima is fully committed to creating innovative real estate developments that build value for our partners, clients and investors, while providing fulfilling opportunities for our employees and enriching the communities in which they operate. ICC-Kajima will establish a nationwide footprint with a focus on Hanoi, Da Nang and Ho Chi Minh City.

Wínk Hotels is a new hospitality brand emerging in Indochina that takes a bold approach to affordable luxury in the region. The brand caters to modern, aspirational travelers, offering high-quality experiences that are grounded in the local destination. Wínk Hotels is the first hotel product of Indochina Vanguard Hotels Pte Ltd, a joint venture established in 2016 between Indochina Capital Corporation, an innovative leader in Vietnam’s rapidly growing real estate, financial services and capital markets, and the Singapore-based Vanguard Hotels Pte Ltd.

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