13:35 (GMT +7) - Tuesday 16/07/2019

Property

Best Western & Vindeb partner in condotel development

Released at: 14:13, 24/04/2019

Best Western & Vindeb partner in condotel development

Photo: Vindeb

Two sign memorandum to build condotel project in Quang Nam province.

by Hung Cao

Best Western, one of the leading brands in hotel management from the US, recently signed a memorandum with Vietnamese developer the Vindeb JSC on management and operations of the Luxury Condotel Ha My Beach in central Quang Nam province.

The Luxury Condotel Ha My Beach is a five-star condotel project on a total area of 4,000 sq m, including some 500 apartments, on Ha My Beach in Dien Ban town, and will be a modern, safe, and beautiful living space for local and other residents.

At the signing ceremony, Mr. Cyrill Czerwonka, Southeast Asia Development Manager at Best Western, said the company carefully researched Vietnam and projects in nearby Da Nang and Hoi An. Foreign visitors to Vietnam are mainly middle-income earners and stay for a relatively long time. Hence, the company targets condotel projects that meet visitors’ demand for home-like stays while travelling.

“Da Nang and Hoi An are known as the most livable places in Vietnam, so it is advantageous to invest in hotels in the surrounding area,” said Mr. Can Xuan Trang, Director of Vindeb. “Ha My is not as crowded as beaches in Da Nang. It is quiet and new to the public, but still close to Da Nang and Hoi An, two well-established destinations. The UK newspaper The Telegraph ranked Ha My one of the top ten beaches in Asia in 2017. Located on a wild and amazingly beautiful beach, this luxury condotel project is like a breath of fresh air.”

He also expressed his appreciation of the support provided by local governments and agencies in Quang Nam and expects to continue receiving more assistance for early completion and opening, to create a landmark site in the area.

Best Western is among the largest hotel management groups in the world, with more than 4,000 hotels, of which 2,000 are in the US.

It has cooperated with many hotels all over Vietnam, especially in popular tourist destinations such as Phu Quoc Island, Quang Ninh, Quang Binh, Ho Chi Minh City, and Nha Trang, among others.

According to analysts, the interest shown by Best Western in Luxury Condotel Ha My Beach signals the potential of the luxury condotel market in Vietnam. With its prestige and more than 70 years of experience in hotel management, Best Western supports project developers and investors to become profitable.

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