A series of 5-star hotels change handsVietNamNet Bridge - Sofitel Plaza Hanoi and Duxton Saigon have been transferred to new owners at a time when many new hotel brands have opened in Hanoi and HCMC. A report by CBRE, a real estate service provider, showed that Sofitel Plaza Hanoi will change its name to Pan Pacific in October 2016. Sofitel Plaza Hanoi and Duxton Saigon have been transferred to new owners at a time when many new hotel brands have opened in Hanoi and HCMC. The hotel, comprising 273 rooms and 56 serviced apartments, was opened in 1998 by the Ho Tay International Company. However, there is only information about 15 projects expected to provide 4,700 hotel rooms.In HCMC, one 4-star hotel and 4 3-star hotels will join the market, while 3 3-star hotels will be closed.

Source: VietNamNet News July 25, 2016 06:56 UTC