It inked a hotel management and services deal for two boutique hotels near Ho Chi Minh City.
Far East Hospitality signed a hotel management and technical services agreement with Five Elements Development, a real estate development company with a strategic focus in hospitality, to manage two boutique hotels – Lê Công Kiều Hotel and Ngô Văn Năm Hotel in a move that marks its first Vietnamese venture.
Under these agreements, Far East Hospitality’s responsibilities include hotel operations and sales & marketing functions. Far East Hospitality will also act as a consultant during the design,
planning, and construction stages of the hotels. Both hotels are set to open in Ho Chi Minh City by the end of 2019.
Lê Công Kiều Hotel, a 56-key property, will be located along the Lê Công Kiều street, whilst Ngô Văn Năm Hotel, a 30-room property, will be located in the heart of Ho Chi Minh City’s Japan town.
Both hotels are strategically located at District 1 of Ho Chi Minh City. They are within a 20-minutes and 15-minutes’ drive from Tan Son Nhat International Airport and Saigon Railway Station respectively.
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