The VinaCapital Group announced on May 15 that it has acquired a 70-percent stake of a five-star hotel in Ho Chi Minh City.
“VinaCapital acquired the stake in the Omni Saigon Hotel for 21 million USD through its subsidiary, VinaCapital Hospitality," Pham Gia Tuan, VinaCapital's financial director said, adding “this is the first hotel in the city to have been bought by the group.”
The Omni Saigon Hotel began its operations in 1992. Located on Nguyen Van Troi Str, which links the Tan Son Nhat International Airport and the city centre, the hotel, with 248 rooms and apartments, has consistently enjoyed high occupancy rates.
Stephen O’Grady, Managing Director of VinaCapital Hospitality, said his group had previously invested in a series of hotels and resorts, including Sofitel Metropole, Hilton Hanoi Opera, Novotel Hanoi, a golf court-cum-resort complex in the town of Da Lat, the VinaCapital Hoi An Royal Bay in the central coastal province of Quang Nam and other projects, which are still under construction in the central coastal city of Khanh Hoa.
Source: VNE
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