Vietnam’s Vina Properties Development Group announced Thursday it had become the owner of a golf course voted the best in Vietnam and two premium hotels in Dalat City, a popular tourist destination.
The group, shortly known as VPD, said it had bought the world-class Dalat Palace Golf Course, the five-star hotel Sofitel Dalat Palace and four-star hotel Mercure Dalat Du Parc.
The former owner of the three facilities, US-based company Danao International Holdings Limited, had earlier confirmed the deal with Tuoi Tre newspaper.
In its last four Planet Golf surveys, Golf Digest (USA) rated the golf course best in the country. Asian Golf Monthly readers have voted it No.1 in Vietnam for three years running, too.
Meanwhile, Sofitel Dalat Palace is the only five-star hotel in the central upland city, also known as Le Petit Paris (Little Paris).
The two sides in this transaction did not reveal the price.
Sofitel Dalat Palace was built in 1916 in French style and completed with the name Hotel Du Langbian Palace. Since then, it has been a unique landmark and icon in the heart of Dalat embodying rich French charm.
It holds an overall view of Xuan Huong Lake, located in the heart of Dalat, also called the City of Flowers.
The golf course is laid out on the pine tree-shrouded hillside opposite the lake the Palace overlooks.
Mercure was constructed in 1922 with the name Hotel Du Parc. Its colonial style with refined decoration offers comfort and coziness, making accommodation most suitable for both business and leisure. It is located a few steps from the Palace.
With this acquisition, Vina Properties Development Group owns four hotels including Ramana Saigon in Ho Chi Minh City and Hotel Royal in the beach city of Vung Tau, about 130 km south of HCMC.
VPD chairman Pham Trinh Phuong said, “Our corporate philosophy is our strong commitment to enhance shareholder value by strengthening our market position in the hospitality industry through strategic expansion into synergistic investment.”
The group includes diversified businesses such as logistics, hospitality, aviation, investment and construction. Besides hotels and golf course, VPD owns Tin Thanh JS Company, a major private logistics firm in Vietnam. The group’s portfolio includes several other companies.
