Vinaconex ITC, a domestic real estate developer and Swiss-Attixs International Hotels S.A. of Switzerland, last week moved a big step towards providing high-end hospitality and international standard services for the $1 billion Cat Ba Amatina project on Cat Ba Island.
A Hospitality Development Services Agreement (HDSA) signed in Hanoi by Tran Ngoc Quang, general director of Vinaconex ITC, and Robert Galli, group executive director of Swiss-Attixs International Hotels S.A will further this goal.
The agreement aims to achieve an overview understanding between project’s partners and potential developers of the various projects in Cat Ba Island, Haiphong. It consists of a high-end hospitality development services provision, including structuring financing for this integrated project.
With this agreement, potential investors who seek opportunities to invest in this project will receive the comprehensive support to implement their business, develop and manage project’s components at international standard with the goal of high profitability.
The French Land Design Group-designed, 172 hectare Cat Ba Amatina is a resort complex that consists of seven resort areas divided into five sub-areas with 800 villas, three marinas, a tourist vessel wharf, an international convention centre, an international commercial-service centre, a sport and entertainment complex and seven five-star and four-star hotels.
Vinaconex ITC is a member unit of Vinaconex Corporation, one of Vietnam’s leading corporations in real estate and construction. Currently, the company operates in three main business activities - real estate investment, real estate services trading and tourism services trading.
Swiss-Attixs International Hotels (SAIH) of Geneva, Switzerland and its associates form a unique high-end hospitality development and management group that focuses on providing an integrated hospitality development services in real estate tourism-related projects./.
- City takes creative property solution
- Foreign contractors under the microscope
- Da Phuoc to not take shot at golf course
- Savills Vietnam tracks the market
- Ascott expands in Vietnam with new properties in Ho Chi Minh City
- Prices are slashed to offload apartments
- Office market shows new life
- Realty insiders look to boost liquidity
- Property’s foreign SOS
- Japan keen to increase investment in Vietnam