Property Types Hospitality
$4B Resort Complex for Vietnam's Vung Tau Province
May 22, 2008

Asian Coast Development Ltd. a privately held Canadian-based resort developer, has been awarded a highly coveted investment certificate by the government of Vietnam that allows for the construction of Vietnam's largest tourism venture, the Ho Tram Strip. The planned $4.2 billion, 9,000-room luxury hotel resort and entertainment destination will be located in Vung Tau Province in southern Vietnam. Phase 1 of the project will include a five-star hotel resort with 1,100 rooms, a championship golf course, and Vietnam's first Las Vegas-style casino. Phase 1 is slated to open in late 2010. Phase 2 will comprise of a second luxury resort with 1,300 rooms, a casino, and 10 restaurants and nightclubs and is scheduled to open in the spring of 2011. The entire complex, located 80 kilometers south west of Ho Chi Minh City on the South China Sea, is scheduled to be completed in under 10 years.

 
Recent Hospitality Headlines
Gaylord to Develop Convention/Resort Facility in Mesa
Sept. 05, 2008
Gaylord Entertainment has inked a deal to buy a parcel of land at the Mesa Proving Grounds in Mesa, Ariz., for the development of a resort and convention center. The development will occupy about 100 acres of the Mesa Proving Grounds, which totals about 3,200 acres.
Starwood, Sands Reach Deal on Luxury Residences for Las Vegas Strip
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Starwood Hotels & Resorts Worldwide Inc. will bring its high-end St. Regis brand to Las Vegas with the opening in two years of The St. Regis Residences at the Venetian Palazzo, LasVegas. Starwood and Las Vegas Sands Corp. reached an agreement for Starwood to manage 398 private luxury residences in a $600 million residential tower under construction on The Strip between The Venetian and The Palazzo.
Houston Hotel Emerges from $22M Makeover
Sept. 05, 2008
Sunstone Hotel Investors has wrapped up its reinvention of the former Wyndham Greenspoint Hotel, re-opening the 480-room property as the Hilton Houston North.
Las Vegas Sands, Starwood Hotels Sign Contract to Open First St. Regis Residences in Las Vegas
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Las Vegas Sands has reached an agreement with Starwood Hotels & Resorts Worldwide Inc. to develop The St. Regis Residences at the Venetian Palazzo in Las Vegas, Nev.
monte carlo Report Cites Building Materials in Monte Carlo Fire
Sept. 02, 2008
More than seven months after a fire at the Monte Carlo Resort and Casino in Las Vegas, news has emerged that the exterior wall claddings at the property did not meet the building code at the time of original construction in 1996.
 

 

Fults to Start New Firm in Dallas
September 05, 2008
By: Tonie Auer, Southwest Correspondent --Despite a flat Dallas real estate market, Tracy Fults took a leap of faith in the creation of his new real estate firm of Fults Commercial, following in the footsteps of his late father and...

184-Acre Bioscience Park Breaks Ground on Former Army Site
September 05, 2008
By: Tonie Auer, Southwest Correspondent --Construction began Wednesday as part of the transformation of the former Fitzsimons Army Medical Center in Aurora, Colo., for the 184-acre business park called Colorado Science + Technology Park at Fitzsimons. The project is being...

Chartwell to Buy Out Seniors Housing JV
September 05, 2008
By: Scott Baltic, Contributing Editor --Residences Melior, an affiliate of Groupe Melior, of Montreal, has exercised its right under a joint venture agreement with Chartwell Seniors Housing REIT to sell to Chartwell the remaining 50 percent interest owned by Melior...

Gaylord to Develop Convention/Resort Facility in Mesa
September 05, 2008
By: Dees Stribling, Contributing Editor --Gaylord Entertainment has inked a deal to buy a parcel of land at the Mesa Proving Grounds in Mesa, Ariz., for the development of a resort and convention center. The development will occupy about 100...

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