VinaLand Limited
AIM : VNL

September 15, 2008 04:00 ET

VinaLand Limited: VinaLand Resort to Feature JW Marriott Five-Star Hotel

LONDON, UNITED KINGDOM--(Marketwire - Sept. 15, 2008) - VinaCapital's VinaLand Limited (AIM:VNL), an investment company established to target key growth segments within Vietnam's emerging real estate market, is pleased to announce that VinaCapital Danang Resort Ltd has signed a long-term management agreement with Marriott International (MAR) to introduce the luxury JW Marriott hotel brand in Danang, Vietnam.

VinaLand owns a 75 percent stake in VinaCapital Danang Resort Ltd, owner of the 260-hectare Danang Beach Resort development.

The JW Marriott Danang Resort will be an integral part of VinaLand's upscale, mixed-use Danang Beach Resort that will also include residential villas and a Greg Norman-designed golf course. Future phases include additional residential units, a convention/exhibition center, retail stores and two mid-tier hotels.

The Danang Beach Resort development is located between Danang and Hoi An along Non Nuoc beach - known internationally as China Beach. The area is home to many natural, cultural and historic sites including the ancient imperial city of Hue, the historic port of Hoi An and the Cham ruins at My Son; all UNESCO World Heritage sites

David Henry, managing director of VinaCapital Real Estate, commented: "We are excited to partner with Marriott International to ensure our Danang Beach Resort features world-class leisure and recreational facilities. JW Marriott is Marriott International's premier luxury-hotel brand and we have no doubt it will be among the top hotels in the region when it opens in 2011".

Located directly on the beach, the 271-room JW Marriott Danang Resort will offer unobstructed ocean views. In addition to three restaurants and a pool bar, recreational amenities will include a spa; an outdoor swimming pool and children's wading pool; a fitness center offering a sauna and steam room; a kid's club; a water sports pavilion; and a recreation pavilion with a library and games room. Guests at the resort will also have access to the adjacent Greg Norman-designed championship golf course.

About VinaCapital Group

VinaCapital Group is the leading asset management and financial services group in Vietnam. The Group combines its deep market experience and networks to generate strategic investment and financing products, alongside merger and acquisition activities. VinaCapital manages total assets valued at almost USD2 billion three listed and one LP fund. VinaCapital also has a dominant stake in VinaSecurities JSC, a brokerage firm. VinaCapital currently employs over 180 investment personnel in its offices in Ho Chi Minh City, Hanoi, Danang, Nha Trang and Hong Kong. More information on the Group can be found at www.vinacapital.com.

Contact Information

  • VinaCapital Group
    Micheal Gray
    Communications Manager
    +84-8-821-9930 x.195
    Website: www.vinacapital.com
    or
    Financial Dynamics
    David Cranmer
    +44 (0)20 7269 7217