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Kahuna to make waves in Ho Tram

Released at: 20:23, 17/06/2017

Kahuna to make waves in Ho Tram

Kahuma project. Photo: HTP

Ho Tram Project Company announces new villa and condo development on Ho Tram Strip.

by Khanh Chi

The Ho Tram Project Company (HTP) recently announced the development of the third phase of its Ho Tram Strip project - a residential, condotel, and villa development.

Kahuna Ho Tram Strip is a 244-key development located adjacent to the north-side of The Grand and will feature a combination of 164 one and two-bedroom condominiums as well as eight penthouses located inside a 12-story tower, together with 44 premium beach villas ranging in size from 218 to 223 sq m.

Named after the legendary waves in Hawaii, Kahuna continues HTP’s long history of bringing world class entertainment and hospitality offerings to Vietnam.

“The company that first brought Vegas to Vietnam and the best Asian Tour event the golfing world has seen, is today thrilled to announce that we are riding that Hawaiian wave across the Pacific and on to the shores of Vietnam’s East Sea with our new residential development,” said Mr. Michael Kelly, HTP’s Executive Chairman. “We have made it our primary focus to ensure that Ho Tram is Vietnam’s entertainment capital, and in line with this, The Grand has unveiled countless new lifestyle amenities. We are viewing Kahuna as an extension of this.”

The company, which also offers the course-side residential Gallery Villas, located on its adjacent golf course, The Bluffs, has been extremely active in the past year. Its second hotel tower - The Beach Club - is quickly rising and is set to begin welcoming guests to its 559 rooms early in 2018, and plans are underway for the commencement of facilities ranging from waterparks and amphitheaters to HTP’s planned private international airport.

Condominiums begin at $88,800, while villas begin at $350,000.

Kahuna was designed by leading Ho Chi Minh City-based architects Korn Architects and anticipates breaking ground in the fourth quarter.

HTP, a wholly-owned subsidiary of Asian Coast Development Ltd., is the leading international investor in Vietnam’s rapidly expanding tourism industry and among the largest private equity US investors in the country today.

It has thus far deployed and committed over $1.1 billion of the total $4 billion investment it intends to make in the Ho Tram Strip project. The Grand Ho Tram Strip houses Vietnam’s first international-standard casino, which was the first official facility licensed to offer live gaming to foreign patrons.

HTP recently became the first company to submit an application to host Vietnamese nationals in a pilot gaming project.

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