The hotel, a conversion of the current Hilton Hanoi Opera, will be owned by BRG Group and managed by Hilton.
It will join Hilton’s pipeline of nine other hotels and resorts that will open in Vietnam in the coming years.
Waldorf Astoria Hanoi is close to Hanoi’s major commercial buildings. It takes 40 minutes by car to reach the hotel from Noi Bai International Airport.
The property is close to major tourist destinations including the National Museum of Vietnamese History, Ba Dinh Square and Trang Tien Plaza.
Scheduled to open in 2025, the hotel will feature fully reimagined 187 rooms and suites as well as four dining concepts including the brand’s lounge and bar, Peacock Alley, a rooftop lounge and two other distinctive restaurants.
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Waldorf Astoria Hanoi will also boast more than 1,000m2 event spaces and Waldorf Astoria spa.
Hilton luxury brands senior vice-president and global head Dino Michael said: “Each Waldorf Astoria property in our global portfolio represents an icon of accentuated, world-class luxury with distinctive and tasteful experiences synonymous with our brand.
“The opening of the Waldorf Astoria Hanoi in 2025 will be that and more, as well as another distinguished addition to our ever-expanding portfolio in the world’s most desired destinations.”
Waldorf Astoria operates a network of six hotels in China, Thailand and the Maldives.
The company plans to more than double the brand’s portfolio in Asia Pacific over the next five years.
In a separate development, Hilton announced the signing of Hilton at The Key, Arlington-Rosslyn.
The hotel, which is part of a mixed-use development The Key, will feature 331 rooms and nearly 28,000ft2 of meeting and event space.
It is located less than five minutes from Reagan International Airport.