Kinh Bac Group wins five-star Lotus Hotel bid

 The People’s Committee of Hanoi has chosen the Kinh Bac Corporation as the project holder for the US$500 million five-star Lotus hotel, one of the leading projects in Hanoi.
The 800-room hotel, to be located on an area of 80,000 sq.m near the National Convention Centre on Pham Hung Street, will finish construction in 2010 and and its first phase will be completed in 24 months.
Earlier, Japan’s Riviera Group, first chosen as the project holder, had to give up the project due to its financial difficulties.