In Vietnam, integrated resorts operator Asian Coast Development Limited has announced that its Ho Tram Project Company subsidiary has instituted a plan that will see it add a residential tower and an assortment of beach-front villas to its The Grand Ho Tram Strip casino and hotel.
Located two hours south of Ho Chi Minh City, The Grand Ho Tram Strip opened in 2013 and the coming 244-key Kahuna Ho Tram Strip development, which is expected to break ground during the fourth quarter of 2017, will see the 400-acre site add a twelve-story hotel tower with eight penthouses as well as 164 one and two-bedroom condominiums and 44 seaside villas offering as much as 2,400 sq ft of space.
“The company that first brought Las Vegas to Vietnam and brought the best Asian tour event that the golfing world has seen is today thrilled to announce that we are riding that Hawaiian wave across the Pacific and on to the shores of Vietnam with our new residential development,” read a statement from Michael Kelly, Executive Chairman and Chief Executive Officer of Asian Coast Development Limited.
Headquartered in the Los Angeles suburb of Glendale, Asian Coast Development Limited explained that the new residential development, which has been designed by Ho Chi Minh City-based firm Korn Architects, is to be located on the north side of The Grand Ho Tram Strip with its condominiums selling from around $88,800 while the price for a villa is to start at approximately $350,000.
“We have made it our primary focus to ensure that Ho Tram is Vietnam’s entertainment capital and in line with this The Grand Ho Tram Strip has unveiled countless new lifestyle amenities,” read the statement from Kelly. “We are viewing Kahuna Ho Tram as an extension of this. This is not just another residential development; this is a chance to be a part of all of the energy that has made The Grand Ho Tram Strip what it is today.”
The Californian firm stated that The Grand Ho Tram Strip already features the Gallery Villas residential development, which is located alongside its Greg Norman-designed The Bluffs 18-hole golf course, while it declared that the nearby The Beach Club 559-room hotel tower is “rising quickly” and could begin welcoming guests as early as next year. It moreover proclaimed that it has plans to unveil further tourist-friendly facilities at the Ba Ria-Vung Tau Province development in the future such as a water park and amphitheater as well as a private international airport.