Eco Green Island Resort

Eco Green Resort

Eco Green Resort

A high end resort has added it’s offering to the timeshare industry in Vietnam. The resort which boasts an exclusive location on Tam Island and resides to the south of Nha Trang Bay, 3 nautical miles from Nha Trang Port, Khanh Hoa Province. The island’s golden sandy beach is surrounded by crystal clear waters, where there is an abundance of coral reef. There are numerous camps along the beaches where fires are lit at night and tourists can enjoy campfire gatherings.

A wide array of activities are available at the beach resort, including many water sports such as jet skiing, boating, windsurfing, diving and parachute rides.

Balloon trips available

Other facilities available at Eco Green Island include a golf practice course, with driving range. There are two tennis courts, which are floodlit at night. A tethered balloon takes passengers up into the sky above the resort to take in the amazing views.

 

Pool Bar

There are two pools, one which is located near a pool bar, and the kids club. The other pool is quieter and it’s location is close to the island’s bungalows in landscaped gardens, with a jacuzzi built in.

 

 

The accommodation is well thought out, and luxurious. Consisting of bungalows at the moment, but a hotel will shortly to be opening. The styling is for a traditional Vietnamese house, but fitted out with all modern conveniences.

Luxury accommodation

Marriot plans to expand in Vietnam

Marriot International has announced plans to expand the presence of two of its world-class luxury hotel brands, the Ritz-Carlton and JW Marriott, in Vietnam by 2014. They have chosen the Quy Nhon area in Binh Dinh province for two hotels. The project is a joint venture between Marriott and Vietnamese-American Hotel and Resort Limited Company, a subsidiary of ITC Spectrum America. The construction of both properties is set to start early 2012.

“We are delighted with this visionary opportunity to further expand our lodging portfolio in Vietnam,” Edwin Fuller, Managing Director and President of Marriott’s International Lodging said. “These resorts will rank among the best, most luxurious properties in Asia and we are honored to participate in the emergence of Vietnam as world-class resort destination.”

The Vinh Hoi Bay- A Ritz-Carlton Reserve, offering 100 luxury villas nestled along a hillside, will be the premier footprint of the brand in Vietnam. Aside from its magnificent ocean view, it will feature large private swimming pools, relaxing indoor and outdoor showers, authentic Vietnam dining experience from restaurants and bars, and an event space for intimate social gatherings.

Set to be the third property of brand, JW Marriott Vinh Hoi Bay Resort & Spa will feature 320 guest rooms with distinctive interior designs fit for a beachfront hotel and resort. Other amenities of the property will include straight access to the beach, meeting or events facilities, large spa and wellness centers, large swimming pools for kids and adults, and restaurants and bars.

“We are very pleased to have the Ritz-Carlton and JW Marriott brands as a part of the Vinh Hoi Bay development,” Canh Tran, CEO and Chairman of ITC Spectrum said. “We are confident in our partnership with Marriott International and in their ability to deliver world-class service to our guests.”

Timeshare gathers momentum in Vietnam

Thanks to the Vietnamese state owned bank, AgriBank which has tightened up on it’s lending policy to calm down the overheating property sector, investors have turned their attention to a new sector to Vietnam – the Timeshare industry.

Mention must also be given to the brave resort owners, and developers who have grasped this new opportunity. There are numerous, in fact at least 50 resorts, or villa developments, that can be be purchased via the shared system.

Casablanca Villas from Vinalinks Land

Vinalinks Land, one of the first to the timeshare sector, began construction of Casablanca Villas in March in Dai Lai, in the northern province of Vinh Phuc, 48km west of Ha Noi city centre.

 

 

Nguyen Tuan Anh, Vinalinks Land’s chief executive officer has remarked “We want to provide customers with a reasonable and effective investment. A US$3,000-membership card will allow an investor to hold the right to use a villa or a room in the resort for one week annually for 25 years. That of course is much cheaper than buying an entire villa or apartment.”

The 8.6 ha resort has 60 villas, and is expected to be completed in 2014, was the first timeshare in the north of Viet Nam. The eco-resort is attractive to investors because of its flexibility and the relatively low outlay required. A number of membership cards were issued soon after the project was announced to active buyers.

“You can spend VND7 billion ($300,000) to get an ownership of a timeshare villa. Investors can authorise Vinalinks Land to lease the villa or part of the property for a net profit of between $12,000 and $31,000 each year,” said Phuong Thao, from Vinalinks Land’s marketing staff.

She added that the company was also a member of Resort Condominium International-RCI, which helps provide 4,500 options for customers wishing to swap holiday destinations with other timeshare holders around the world.

Hoang Van Quyet, is another ambitious developer which is investing in resorts in suburban Lang-Hoa Lac. It predicts that demand for resort villas and apartments would grow significantly over the next 20 or 30 years as infrastructure improved.

“There will be more well-off city-dwellers relocating to quieter, healthier and bigger places. They are able to buy a villa or a house for between VND1.5-2 billion ($75,000-$100,000) in a resort, but they still hesitate because of poor transportation and infrastructure facilities,” Quyet said.

“Resort projects are profitable investments as investors can get back their initial capital as soon as they finish the project. However, infrastructure plays an important part,” he added.

Another developer which has recently made public it’s plans is SaigonLand which is to offer villas at its 36-property Emerald resort for $1 million each at the end of this year. The company has also launched a 84-ha resort project in Nhon Trach in southern Dong Nai Province.

CB Richard Ellis Vietnam (CBRE) has teamed up with Resort Condominium International (RCI) to introduce the timeshare concept in ‘second home’ market to local property developers.

Adrian Lee, managing director of RCI Asia, said in a statement “that the potential for the vacation home ownership market in Vietnam was promising as the company’s research shows a surprisingly high number of families with income eligible for resort timeshares in the country”.

“We are committing good resources in the Vietnam market as we see large growth in the future of this country,” Lee added.

Commenting on the business model, Mauro Gasparotti, CBRE’s senior manager of hospitality consultancy, said “Developers were looking at alternative solutions to shorten return periods, sourcing different capital contributions or simply reducing investment risks”.

He also states that “Structural ownership required developers and owners to understand the basic principles, costs and risks. The timeshare legal structure is under development in Vietnam”.

According to RCI, there are some three million members and 4,000 resorts around the world joining the system. Among Asian countries, Japan, Malaysia, Korea and India are on the top list applying the vacation ownership.

Gavin Cheong, director business development for RCI Asia, said “The use of timesharing structures was relatively well understood and accepted in other counties. However, it is new in Vietnam, thus the company is spending more time in educating and guiding developers in the country”.

Ninh Van Bay Holiday Club launched

NinVanBay Signing

Ninh Van Bay Signing

The partner of NVB is RCI (Resort Condominium International) – the leading exchange vacation organization.

The members of Ninh Van Bay Holiday Club will enjoy vacations at 4 star – 5 star resorts of Ninh Van Bay’s system which includes Evason Ana Mandara & Six Senses Spa – Nha Trang, Ana Mandara Villas Dalat Resort & Spa, Ana Mandara Hue (opening in October 2010), Ana Mandara Ninh Binh (opening at the end of 2010), Ana Mandara Hoi An (expect to open in 2012) and at more than 4000 resorts in RCI’s system.

Ninh Van Bay JSC launched two types of ownership cards: Silver card (price is $ 6,600 for a period of 17 years) and Titan card (price is $ 9,900 for a period of 27 years). The maintenance fee and annual fee for RCI are 200 USD per year. With 2 types of Ninh Van Bay Holiday Club’s ownership card , the owners will own approximately 7 nights per year and the benefits are cost savings, best price are guaranteed and not affected by the inflation rate or increasing price, that ensure room available in high season. The owners also have rights to transfer, donation, inheritance or co-owned with 2-3 friends. In addition, the owners will receive additional incentives such as free airport shuttle (with Titan card); free use of swimming pool, gym, tennis courts at each resort ; 20% off food costs and spa services, 10% discount on the cost of tour services, 10% discount when shopping at the souvenir shop.

Source: Ninh Van Bay Holiday Club. Discuss Ninh Van Bay Holiday Club.

Starwood to open resorts in Vietnam

Saigon Invest and Starwood signing ceremony

The Signing Ceremony of Letter of Intent to develop Le Meridien Danang Resort & Spa and Sheraton Dalat Resort Projects between Saigon Invest Group and Starwood Group

Kinh Bac City Development Share-holding Corporation (a listed member of HaSTC coded KBC) is an affiliate of Saigon Invest Group (SGI). KBC is the biggest shareholder of Saigon – Danang Investment Corporation, investor of the top-notch complex comprising deluxe villas, residences and 5+ star hotels named Le Meridien in Danang. KBC is as well the biggest shareholder of Saigon – Dalat Tourism JSC, investor of the complex consisting of deluxe villas, residences and Sheraton Hotel at Robin Hill, 2 km from the center of Dalat City.

The ceremony is meant to allow Saigon Invest Group (SGI) and Starwood Group to sign a letter of intent to develop the two projects, with the expectation that the final management agreement will be signed by end of the year.  The two projects are Le Meridien Danang Resort & Spa at Danang City and of Sheraton Dalat Resort and the ceremony will take place at 10:00 AM, 09 June 2009 at Sheraton Hotel (HCMC).

About Starwood

Starwood Hotels & Resorts Worldwide, Inc. is one of the leading hotel and leisure companies in the world with more than 940 properties in approximately 97 countries and 145,000 employees at its owned and managed properties. Starwood Hotels is a fully integrated owner, operator and franchisor of hotels, resorts and residences with the following internationally renowned brands: St. Regis®, The Luxury Collection®, W®, Westin®, Le Méridien®, Sheraton®, Four Points® by Sheraton, and the recently launched Aloft®, and Element SM.  Starwood Hotels also owns Starwood Vacation Ownership, Inc., one of the premier developers and operators of high quality vacation interval ownership resorts. For more information, please visit www.starwoodhotels.com.

About Saigon Invest Group

Saigon Invest Group (SGI) is among the leading public enterprises in hi-tech parks development in Vietnam, operating in various fields: Real estate – Infrastructure; IT Telecommunication – Television; Finance – Banking; Tourism – Education; Production – Construction; Energy – Minerals; etc. Presently, SGI owns and manages 20 industrial parks, hi-tech parks and scores of large-scaled projects across Vietnam with the total investment of over $2 billion. Annually, SGI attracts a huge volume of foreign direct investment (FDI) into Vietnam, especially in hi-tech fields, so as to ensure sustainable development and protect the environment.

KBC is a pivotal affiliate of SGI in real estate, industrial parks, resorts and deluxe residences development with an ownership capital of 3,000 billion VND, incessantly taking the lead in the competitive movement launched by the Government with 5 Governmental Flags of Honor. The corporation is rated among Top 10 Best Enterprises in Vietnam Stock Market by Standard and Poor (USA).

le Meridian Resort on Non Nuoc Beach Danang

About Le Meridien Danang Resort & Spa

Le Meridien Danang Resort & Spa has a total investment of approximately $100 million, located on an 8.4-ha area, alongside Son Tra – Dien Ngoc Street, Ngu Hanh Son District, Danang City.

Constructed in compliance with 5+ star standards, Le Meridien Danang Resort & Spa consists of 330 rooms, situating in an airy space with inclusive facilities: high-intense gymnasium, swimming pool, groceries, beverage restaurants, indoor recreational center, spas, etc.

Le Meridien Danang Resort & Spa is the ideal destination for tourists since it serves as the connection between Ngu Hanh Son and the three world’s cultural heritages: Hoi An Ancient Town, My Son Sanctuary and Hue Ancient Capital.

For the very first time in Vietnam, customers shall enjoy the exceptional features of 5+ star hotels, which significantly help attract foreign tourists to Vietnam.

About Sheraton Dalat Resort

Sheraton Dalat Resort has a total investment of approximately $40 million, located on an 18-ha area, between Ward 3 and Ward 4, nearby the center of Dalat – one of the most well-known city of tourism in Vietnam as well as in South East Asia.

Sheraton Dalat Resort & Spa in constructed according to 5 star standards, comprising a wide range of deluxe villas (from 150 to 200 rooms) in an airy atmosphere with inclusive facilities: high-intense gymnasium, swimming pool, groceries, beverage restaurants, etc.

The delivery of Sheraton Dalat Resort will make a significant contribution to the development of Dalat City, concurrently providing tourists the number-one choice of 5-star hotels.

Presently, at the industrial parks of KCN, many high-rank managers are as well the very potential customers of these top-notch hotels. KBC commits to make the best policies for investors who aspire to invest in these industrial parks, including preferential policies for their management officers to enjoy the Grade-A features of these hotels. This is also an added value service dedicated to the investors of KBS industrial parks.

The inception of Sheraton Dalat Resort and Le Meridien Danang Resort & Spa marks a crucial milestone in the progress of Saigon Invest Group in the field of tourism. Beside these two projects, Saigon Invest Group has successfully invested and developed several prestigious deluxe resorts and villas complexes: Robin Hill Resort (Dalat), Lagi Resort & Spa – Ham Tan (Binh Thuan) and Danang Luxury Resort (Danang). Moreover, these top-notch masterpieces will meet the increasingly discriminating demand of Vietnamese and foreign tourists; helping heighten living standards and the local socio-economic development.

Particularly, this growth signifies the diversification of Saigon Invest Group in various business fields and its long-term vision of the potential non-smoke industry in Vietnam.

Vietnam has it’s first Timeshare Resort

Vietnam landmark agreement

RCI has announced that it has signed up their first resort in Vietnam.  This is a Landmark event, and starts the ball rolling for Vietnam’s Timeshare future.

 

“We are delighted to welcome Sea Links Golf & Country Club to our network and give our RCI ®Weeks members an exciting new vacation option,” said Geoff Ballotti president and CEO, Group RCI “This historic relationship is a further testament to our commitment to offer our members the best vacation options around the world.”

Located approximately 200 kilometers east of Ho Chi Minh City amidst the backdrop of a crystal-clear ocean, Sea Links Golf & Country Club is an expression of aquatic inspiration and the calming nature of Phan Thiet’s sea. It is noted to be the leading golf resort in Vietnam with luxury accommodations and facilities that include a golf course, spa and tennis courts.

Situated on sandy hills 60 meters above sea level, the villa complex offers a panoramic view of the entire Mui Ne Bay, where guests can soak in its awe-inspiring ambiance. Guests can enjoy a game of golf at the 18-hole course, a meal in an Asian or European cuisine restaurant, or simply relax at the spa amidst lush greenery. In addition, the resort’s close proximity to Phan Thiet’s popular sights, such as the Poshanu Cham Tower, Mui Ne Sand Dunes, Hon Rom, Ke Ga Lighthouse and Ta Cu Pagoda, offer a diverse vacation experience.

“It was an easy decision to work with RCI,” said Nguyen Van Thieu, vice president, Rang Dong Group. RCI is the world’s largest timeshare and vacation exchange company. Gaining access to their 3.8 million leisure-bound members will be very valuable for our resort. I believe that our professional services as well as the stunning landscape in Phan Thiet will provide unforgettable experiences for guests at Sea Links Golf & Country Club.”

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