S$4.2 billion beach resort to open in 2013
The first phase of the Ho Tram Strip project, to build a top-notch beach resort in southern Ba Ria-Vung Tau province, has been completed and is expected to open the door to tourists in early 2013.
Lloyd Nathan, chief executive officer (CEO) of Asian Coast Development (Canada) Ltd. (ACDL), the project investor, says workers are putting the finishing touches to a five-star hotel with 541 rooms, named MGM Grand Ho Tram, an entertainment centre, restaurants and retail shops.
The Canadian-invested project is the first in Vietnam to build a large-scale resort complex covering 164 ha and stretching along 2.2 km of beautiful beach in Long Dien district. It is divided into five phases with an estimated investment of US$4.2 billion.
The complex includes a 19-storey luxury hotel, a series of international-standard restaurants, a conference hall, art performance areas, swimming pools, a golf course and entertainment centres.
Lloyd Nathan says that his company is upgrading a 125km section of National Highway 52 with four lanes to connect Ho Chi Minh City to Ho Tram Strip.