Vietnam’s next major integrated resort casino finally has a name and a launch date.
This week saw Vietnamese real estate investment and development firm VinaCapital Group proudly announce that its $4b “integrated tourism and leisure destination” would operate under the name Hoiana. VinaCapital says the property’s first phase will open in Q1 2019.
Hoiana will occupy four kilometers of beachfront just outside the UNESCO World Heritage site Hoi An in Quang Nam province. Hoiana’s first phase will include a 445-room hotel, 220 residential apartments operated by Hong Kong’s New World Hotels, a luxury Rosewood resort offering 75 villas and 25 residences, a golf course and, oh yeah, a casino.
Vietnam’s government has fast-tracked plans to expand the Danang International Airport to accommodate the expected influx of tourists to the “thriving township of hotels, residential and lifestyle zones” that the completed Hoiana will feature when it’s fully completed within the next decade or so.