Famous Thailand resort management Dusit International on October 24 reached official signing of hotel management agreement to operate their first property in Vietnam – Cam Ranh Flowers Resort with the Russia State Development Corporation.
To be completed in 2017, $90 million Cam Ranh Flowers Resort is spread over 15 hectares and is comprised of a luxury hotel with 256 rooms and 10 bungalows, as well as prestigious residences for sale.
Alternaty was involved in the negotiation of the commercial terms on behalf of State Development, the Developer, and was involved in the preliminary Feasibility Study and planning stages.
Rudolf Hever, executive director at Alternaty commented that Cam Ranh Flowers Resort will be a fantastic product in Cam Ranh Bay with an exceptional design and a large variety of facilities and types of accommodation on offer.
Mauro Gasparotti, executive director at Alternaty pointed out that among all the second home destinations in Vietnam, Cam Ranh is still at the top of investors’ lists.
“It clearly has strong potential for growth due to the solid infrastructure systems, promising weather conditions and remarkable choice of entertainment and F&B options. This truly makes it an international holiday destination for local as well as international clientele and a fertile ground for Real Estate Developers,” said Gasparotti.
Cam Ranh Flowers is the first project invested by State Development in Vietnam but the Russian developer is already considering future opportunities in the Nha Trang area and other parts of Vietnam.
