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July 29, 2022

Top five hotel construction projects that commenced in Vietnam in Q2 2022

By Carmen

Here are the top five hotel construction projects that commenced in Vietnam in Q2 2022, according to GlobalData’s construction projects database.

1. Cadia Qui Nhon Mixed-Use Development – $320m

The project involves the construction of two 40-story mixed-use tower on 0.52ha of land in Binh Dinh.

Construction work started in Q2 2022 and is expected to be completed in Q4 2024.

The purpose of the project is to provide a diverse range of facilities including retail, residential and other facilities to meet the lifestyle needs of people in the region.

2. Iron Market Commercial Complex – $242m

The project involves the construction of a commercial complex with two 146m high, 42-story towers on 1.52ha of land in Hong Bang, Hai Phong.

Construction work commenced in Q2 2022 and is expected to finish in Q4 2024.

The project aims to provide better hospitality and retail facilities in the region.

3. Crystal Holidays Harbor Van Don Tourism Resort and Entertainment Complex – $155m

The project involves the construction of a 26,020m2 tourism complex with five hotel buildings ranging from 28-33 stories comprising 2,274 hotel rooms and a four story mixed use building on 2.6ha of land.

Construction work started in Q2 2022 and is forecast to complete in Q4 2025.

The purpose of the project is to meet the demand for residential, commercial and leisure facilities in the region. It will also help in the growth of tourism in the country.

4. Cat Linh Van Don luxury hotel and apartment complex – $150m

The project involves the construction of a hotel and apartment complex with five buildings ranging from 26-34 stories on 2.3ha of land in Van Don District, Quang Ninh Province.

Construction work commenced in Q2 2022 and is expected to be completed in Q1 2024.

The purpose of the project is to meet the demand for residential, commercial and leisure facilities in the region. It will also help in the growth of tourism in the country.

5. Courtyard by Marriott Quy Nhon Hotel – $50m

The project involves the construction of a 362-room hotel in Quy Nhon, Binh Dinh.

Construction work started in Q2 2022 and is expected to be completed in Q4 2025.

The aim of the project is to provide better leisure facilities in the region.

Methodology:This analysis is drawn from GlobalData’s global construction projects database, which tracks new construction projects over $25m from announcement to completion.

Verdict’s parent company GlobalData plc provides business information to 4,000 of the world’s largest companies.

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