Foreign investors snapping up cheap hotels in Vietnam

In April, American hospitality giant Marriott International signed a deal to operate seven hotels and resorts of Vietnamese firm Vinpearl. The properties include three existing hotels in the three central cities of Nha Trang, Hoi An and Da Nang, and four facilities with a total of over 1,200 rooms slated for construction completion by 2028. In February, Singapore hotel investment platform Lodgis Hospitality Holdings joined hands with South Korea’s Hanwha Group to invest in hotel projects in several Asian countries, including Vietnam. Lodgis Hospitality Holdings hopes to operate 10,000 rooms by 2025 as against the current 1,950 under the Maia…
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