Representatives of PGT Group sign co-operation and development agreements with partners for a complex of luxury apartment and hotel project in Da Nang. — Photo courtesy of PGT Group

Property developer PGT has inked a co-operation and operation agreement with InterContinetal Hotels Group (IHG) PLC, Ong&Ong Singapore, VLand and Savills Viet Nam to develop a beachfront luxury apartment and hotel complex this year in Da Nang.

The complex on the pristine beach of My Khe in Son Tra peninsular will be managed and distributed by Savills Viet Nam and V.Land.

Following the agreement, the firm and partners will introduce the five-star Crowne Plaza Da Nang waterfront hotel and The 6nature Danang Apartment in the first quarter of 2021.

The 40-storey coastal two-block complex, built with an investment of US$88.5 million by PGT, will be designed by Singaporean Ong&Ong company to supply luxurious apartment and hotel rooms.

The complex of five-star Crowne Plaza Da Nang waterfront hotel and The6 Nature apartment on the beach of My Khe will be introduced in Da Nang in the first quarter of 2021. — Photo courtesy of PGT Group

Chairman of PGT Group Le Anh Trieu said the complex would be an attractive landmark for tourists and residential demand on the beach of Da Nang and Son Tra Nature Reserve.

Da Nang is a top destination for foreign investment and an increasingly popular tourist hub in central Viet Nam.

The city has so far developed 16 tourist property projects consisting of 749 villas, of which 609 are for sale and 140 for lease.

According to the city’s planning and investment department, more five key tourism property projects will be developed in 2021. — VNS