Property developers MBLand Holdings and Tonkin Property on Tuesday signed a contract with Pan Pacific Hotels Group for the management of their six-star resort and hotel complex in Quang Nam Province.

Occupying prime location in the diamond tourist belt of Da Nang and Hoi An, Pan Pacific Danang-Hoi An Resort is a multi-million-dollar resort offering a sea view with three carefully designed and furnished property styles — villas, sky paradise villas and condotels.

It has collaborated with world-class names in architecture and design, such as landscaping by EDSA, exterior design by Humphreys & Partners and interior design by DWP, to create a new standard for luxury resorts and introduce refined lifestyle experiences.

The six-star resort, which is expected to open in 2020 with a 10 per cent guaranteed return, is already a sought-after destination for investors and vacation home owners.

MBLand Holdings, a member of Military Bank, with its more than 10-year experience in development is a trusted name in property development and has to its credit multiple national and regional projects such as The Field Collection, which includes Golden Field and Central Field in Ha Noi and Infinity Field in Nha Trang.

Tonkin Property specialises in resort projects in Đà Nẵng, Hội An and Nha Trang. For the 2017-18 period, Tonkin Property and MBLand are set to strategically cooperate on 10 regional luxury resort projects, primarily in the central region.

Pan Pacific Hotels Group, a wholly owned subsidiary of Singapore-listed UOL Group Limited, is one of Asia’s most established hotel and property companies, operating 24 properties with close to 7,000 rooms in 12 countries.

Pan Pacific Danang-Hoi An Resort is the second property of Pan Pacific Hotels Group in Việt Nam, following Pan Pacific Hanoi, which was opened last year.  — VNS