Hilton and CapitaLand strengthening footholds in Vietnam

Hilton Worldwide continues expansion in Vietnam with the signing of the 250-key DoubleTree by Hilton Vung Tau and the 160-key Hilton Garden Inn Saigon, growing its portfolio in this country to 11 hotels operating and under development, eight of which are owned by the Vietnam-based BRG Group.

Meanwhile, CapitaLand Limited has grown its market share in this Southeast Asian country with its 11th residential property. Situated within a 1.45-hectare site in District 4, this project consists of 870 units in three 24-storey towers with a total value of US $177 million.

In this context, the coastal city of Quy Nhon should welcome a mixed-use property with the total investment capital of US $127.5 million. Located in the prime area of the city, this one-hectare project features two 39-storey towers with a five-star hotel, condominiums, recreational facilities, and commercial space.