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The largest resort runs ahead of schedule
The Asian Coast Development (Canada) Limited (ACDL), the investor
in the Ho Tram Strip Project, recently announced its largest tourist complex in
Vietnam.
The first hotel tower with 551 rooms was completed ahead of schedule and will
become operational in January 2013. Construction of the second five-star hotel
tower was recently started ahead of schedule and it will include 559 rooms and
an entertainment center to be linked with the first tower.
Project CEO Lloyd Nathan said the project had created about 6,000 jobs and had
paid a large amount of taxes.
The project will cost over US$4 billion and take 10 years for completion.
It is expected that the project will be completed by 2020 including 9,000
five-star rooms, 2,000 gaming computers, golf courts and entertainment
facilities such as a casino targeting foreign customers.
The Ho Tram Strip spans along the coast in Ba Ria-Vung Tau Province. As the
largest tourist complex in Vietnam, the project will include five five-star
hotels, two of which will comprise of recreation and golf facilities.
Source: VEN |
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