The five-star residential-commercial-hotel complex Le Meridien Danang Resort & Spa got off the ground on May 4 in the central coast city of Danang for completion in 2013, said the investor Saigon-Danang Investment Corporation.

The 12ha resort project in Son Tra-Dien Ngoc Beach in Ngu Hanh Son District comprises of deluxe villas, residences and five-star hotels with a total investment of approximately US$110 million. Key components include some 350 five-star hotel rooms, 149 apartments and 48 villas for sales and rent.

Other auxiliary facilities in the complex include a gymnasium, swimming pool, groceries, beverage restaurants, indoor recreational center, and spas among others. The total floor space of the complex is over 125, 000m².

The project is the ideal destination for tourists since it serves as the connection between Ngu Hanh Son and the three world cultural heritage sites namely Hoi An Ancient City, My Son Sanctuary and Hue Ancient Capital.

Kinh Bac City Development Share-holding Corporation (KBC), under Saigon Invest Group, is the biggest shareholder of Saigon-Danang Investment Corporation, investor of the Le Meridien Danang Resort & Spa.

KBC is also the biggest shareholder of Saigon-Dalat Tourism JSC, investor of the would-be Sheraton Dalat Resort complex consisting of deluxe villas, residences and the Sheraton Hotel in Dalat City.

KBC last year signed a letter of intent with the leading international hotel management company Starwood Group under which the latter would manage the two five-star hotels including Le Meridien Danang Resort & Spa.

According to the agreement, KBC would have Starwood manage its Le Meridien Danang Resort & Spa in the central city of Danang and Sheraton Dalat Resort in the Central Highlands province of Lam Dong.

Meanwhile, Sheraton Dalat Resort with total investment of some US$40 million is located on an 18ha area near the center of the resort city of Dalat.

The development of deluxe resorts is a further bold step of KBC into the tourism industry following the company’s initial investment in several other hospitality projects, including Robin Hill Resort in Dalat, Lagi Resort & Spa – Ham Tan in Binh Thuan, and Danang Luxury Resort in Danang.

(Source: GST)