The Investment Certificate is the critical for Banyan Tree to proceed with the proposed development of the Site into Vietnam’s largest integrated resort. The next step is for all the parties to agree to the terms of the lease contract for the Site. Master-planning and design work by Banyan Tree has already begun and construction is expected to start within 12 months
The project has been named “Laguna Vietnam” after Banyan Tree’s own “Laguna Phuket” which is currently Southeast Asia’s largest truly integrated resort.
On the cards for Laguna Vietnam, which will be built in three phases, are:
• A 170-key Banyan Tree resort and spa featuring beach and hill villas
.The total project cost is estimated at more than US$270 million. The Site will be owned and master-planned by Banyan Tree. The Group intends to invite other co-investors to participate in the project, which has already attracted keen interest from various investors.
The entire Site is surrounded by lush green hills and features more than three kilometres of beachfront. Banyan Tree, well-reputed for its strong commitment to marrying economic development and ecological responsibility, plans to build its hill and ridge villas into the natural environment, offering guests unmatched and unblocked views of the South China Sea. The luxury development will offer guests their own exclusive space and yet provide them with the experience of being in a large integrated resort.
Executive Chairman of Banyan Tree, Mr. Ho KwonPing, expressed confidence that Laguna Vietnam can mirror the success of the Group’s flagship resort development in Phuket.