VNRE - Today morning, Sai Gon Tourism Corporation (Saigontourist) and Que Huong Liberty (a member of Saigontourist) officially start construction of the 5-star hotel named Pullman Saigon Centre.
This project is built on the land of the Metropole 3-star hotel at 148 Tran Hung Dao Street, District 1, Ho Chi Minh City and Comeco company's gas stations. Pullman Saigon Centre building includes 3 basements and 24-storey, with total 300 hotel-rooms. Total investment of this project is $60 million and expected to be completed in 2013.
In another project, Saigontourist said, they recently completed the foundation of 4-star hotel project named Novotel Saigon Centre on Hai Ba Trung Street, District 1, Hochiminh City. This hotel has total investment of $38 million with scale of 18 storeys, 250 rooms and other services. When completed in 2012, Novotel Saigon Centre will be managed by Accor.
Today, Saigontourist and Que Huong Liberty also open the Liberty Central 4-star hotel on Le Thanh Ton Street, District 1. The hotel is hight 12 storeys with 139 rooms will be managed by Saigontourist.
Mr. Nguyen Huu Tho, general director of Saigontourist, said the investments are in the development strategy of the business up to 2020 in the field of accommodation, travel and restaurant ... According to Mr.Tho, the revenue of Saigontourist could reach figure $1 billion in 2015.