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VNRE - Hilton International Manage LLC and its partner Bach Dang Hotel Complex Trading Service Co on Wednesday announced a deal on management of a hotel in the Bach Dang project in the central coast city of Danang.

The U.S.-based hotel management firm will run the five-star Hilton Danang Hotel, a second property in Vietnam’s hospitality market under Hilton’s management after the one in Hanoi.

Than Ha Nhat Thong, board chairman of Bach Dang Hotel Complex Trading Service Co, told a news briefing in HCMC on Wednesday that the company had worked with various international hotel management firms over the past three years, and finally picked Hilton.

Thong said the company, a 70:30 venture between 508 Company Limited and Bach Dang Guest House under the Command of Military Zone 5, had invested some VND750 billion to develop the project on 7,000 square meters along Bach Dang Street in Hai Chau District in Danang.

The Bach Dang Complex Project has a 25-story hotel with 226 rooms, a 17-storey building with 15,600 square meters of office space and serviced apartment, and 10,500 square meters of retail podium.

Guy Phillips, vice president development of Hilton Worldwide for Asia Pacific region, told the Daily that Hilton was looking for a property in HCMC for management in the coming time to expand its presence in the country.

He said Hilton wanted to bring to the country other hotel brands among its ten to cater to different needs in the coming years.

Thong said the project was scheduled for completion by the last quarter of 2012.

Reported by Dinh Dung - The Saigon Times Daily

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