ASIA Travel Tips.com

Laguna Hue Breaks Ground; Scheduled to Open by 2012

Search ASIA Travel Tips .com Latest Travel News Send to Friend Monday, 24 August 2009

Banyan Tree Indochina Hospitality Fund, which was established and sponsored by Banyan Tree Holdings Limited, held a groundbreaking ceremony last week for the Laguna Hue, one of the first fully integrated world-class hospitality projects to be developed in Vietnam. The ceremony took place in the Chan May-Lang Co Economic Zone in the Thua Thien Hue Province.

Situated on a 280-hectare beachfront site that is within an hours drive from both Danang and Hue international airports, Laguna Hue is positioned to be one of the largest premium integrated resorts and second home destination in Vietnam and across South East Asia, through which the group will replicate the success of its flagship destination resort, Laguna Phuket.

The project also enables the group to gain a foothold in the growing Indochina tourism industry and to introduce its signature brand of Asian hospitality to Vietnam. Apart from providing its hotel and spa management services to the hotels in the development, Banyan Tree is also the master planner and designer for the development.

When fully developed in accordance with the master plan, Laguna Hue will have approximately 2,000 hotel keys under the management of seven international branded hotel and resort operators, award-wining spas, a championship golf course, resort residences, convention facilities and a town centre with retail and recreational facilities.

 Apart from enjoying the amenities within the integrated resort, guests will also be able easily to access the tourism offerings of the region including the ancient city of Hue as well as the historical trading port of Hoi An, both of which are UNESCO World Heritage sites.

The development of Laguna Hue is funded through the US$283 million Banyan Tree Indochina Hospitality Fund, the first real estate investment fund that was established by the group in 2008. The Fund was created to focus on the development of Laguna Hue as well as other hospitality investment projects in the Indochina region that are yet to be identified.

With the successful final closing of the Fund in June this year, Laguna Hue is now well positioned to proceed with the development of its first phase. Development costs for the first phase are estimated at approximately US$200 million, and will include Banyan Tree Hue and Angsana Hue, which together will comprise some 350 keys, an 18-hole golf course designed by Nick Faldo, as well as branded resort residences. The development is anticipated to open by 2012.

We have always believed that Vietnam holds the greatest potential of replicating the success of our flagship Laguna Phuket destination resort within Asia. Central Vietnam, with its unique blend of history and heritage, is a destination like no other in the region. We are confident it has the potential to flourish as an international luxury-tourist destination. This first foray into the Indochina region is a significant milestone for Banyan Tree, and we are delighted to share this momentous occasion with our valuable partners in the Fund who have helped to make Laguna Hue a reality, said Banyan Trees Executive Chairman, Ho KwonPing.

Banyan Tree developed one of Asias first and largest integrated resorts in Laguna Phuket, Thailand. That project spans six hotels, a golf course and residential developments.

In July this year, the group secured a contract to manage a 1300-key development under its sister brand, Angsana Hotels and Resorts. Located in Kunming, Angsana Fu Xian Lake is expected to open in 2010.

 Over the next few quarters, the group will be pushing ahead with its expansion plans, with resort and hotel openings expected in Hangzhou, China; Bali, Indonesia; Ras Al Khaimah, UAE and Acapulco, Mexico.

See other recent news regarding: Airlines, Airports, Flights, Codeshare, Lounges, First Class, Business Class, GDS, Rewards, Miles, Hotels, Apartments, Promotions, Spas, New Hotels, Traffic, Visitor Arrivals, Cruises, Free Deals, Banyan Tree, Hue, Danang, Vietnam

Subscribe to our Latest Travel News Daily Email Free of Charge by simply entering your email address to the right. You can also stay updated with our RSS Feed Free Travel News RSS Feed and even add the travel news to your website. Have questions? Please read our travel news FAQ.
     
Exclusive HD video interview with Mr. Fumihiro Sakakibara, General Manager - Japan, Macao Government Tourism Office. Aviation industry update from the Group CEO of AirAsia, Mr. Tony Fernandes, and Gary Chapman, Emirates' President Group Services and dnata. Exclusive HD video interview with Mr. John R. Rolfs, General Manager of The Ritz-Carlton, Tokyo and Vice President Japan & Korea. In this interview, filmed in a luxurious suite at The Ritz-Carlton, Tokyo on Sunday, 24 September 2017, we ask Mr. Rolfs to tell us more about the property.
Macao Tourism Update Aviation: AirAsia and Emirates The Ritz-Carlton, Tokyo
What exactly is going to happen to The Dusit Thani Bangkok hotel, when will it close, what about the staff, when will the new Dusit Thani Bangkok open and what will it be like? In this exclusive HD video interview with Ms. Sukanya Janchoo, General Manager of The Dusit Thani Bangkok, Steven Howard of TravelNewsAsia.com asks Khun Sukanya about the hotel, its markets, RevPAR and these major changes. Travelodge Hotels Asia’s Brands and Expansion Plans - Exclusive HD Video Interview with Stephen Burt, Chairman. Exclusive HD video interview with Alejandro Bernabe, Group Director of Avani Hotels and Resorts. We talk about Avani Hotels' future plans and what exciting new developments are in the pipeline. You will also learn that Avani is about to announce a new sub brand, is currently building its first resort with private pool villas and what the group's position is on new technology.
Dusit Thani Bangkok Travelodge Hotels Asia Avani Hotels & Resorts
Jonathan Wigley, CEO of Travelodge Thailand, outlines expansion plans in HD Video Interview. Exclusive HD video interview with Myanmar's Minister of Tourism and Hotels, H.E. U Ohn Maung, about the status of tourism in the beautiful and mystical country of Myanmar (formerly known as Burma). Birth of a Luxury Thai Hotel Brand - HD Video Interview with Christopher E. Stafford, Chief Operating Officer of the newly formed 137 Pillars Hotels & Resorts.
CEO of Travelodge Thailand Myanmar Tourism Update Birth of Luxury Thai Hotel Brand
This HD video tour of Thai AirAsia X's brand new 337-seat Airbus A330-300 aircraft was filmed at Don Mueang Airport in Bangkok, Thailand on 14 May 2014  Exclusive HD video interview with Jaime J. Bautista, President & Chief Operating Officer (COO) of Philippine Airlines (PAL) HD video of the interior and exterior of a Thai Vietjet Airbus A320-200.
Thai AirAsia X A330-300 PAL President & COO Thai Vietjet A320-200
Inside Qatar Airways Boeing 787-8 Dreamliner - HD Video It takes 800 workers between 65 and 80 days to assemble, install, test, paint, furnish and deliver an Emirates Airbus A380. Showers, Bars, Lounge - The Emirates Airbus A380 Has Them All - HD Video Tour Thai Airways International Takes Delivery of Brand New Boeing 777-300ER
Qatar Airways B787 Emirates A380 Thai Airways B777-300ER
Latest Travel News
Advertising
Advertising
Copyright © 1997-2017 ASIATravelTips.com/TravelNewsAsia.com