Dusit signs deal with Vietnam’s General Technology to build upscale hotel in Hanoi
Hotel and property development company Dusit International has signed a long-term agreement with Vietnamese real estate developers General Technology Joint Stock Company to build and operate Dusit Tu Hoa Palace in Hanoi’s affluent Tay Ho district, at the northern end of the city’s largest freshwater lake, West Lake.
Comprising 207 rooms, the upscale property will put guests at the heart of a vibrant lakeside community renowned for its international restaurants, trendy cafes, chic nightlife venues, and fascinating lakeside temples, according to a company statement today (February 3).
Noi Bai International Airport is 30 minutes away by car, while Hanoi’s Old Quarter, the city’s business hub and main tourist destination, can be reached in 15 minutes.
The hotel will feature a distinctive blend of Thai and Vietnamese design elements to offer high levels of comfort and convenience for business and leisure travellers alike, the company said.
“We are delighted to partner with General Technology Joint Stock Company to bring our unique brand of Thai inspired, gracious hospitality to Vietnam’s vibrant capital for the first time,” said Dusit International chief operating officer Lim Boon Kwee.
“As a destination, Hanoi keeps going from strength to strength. Last year the city welcomed more than six million foreign visitors in the first 11 months – up 12 per cent year-on-year. The country’s strong GDP growth rate is also driving a rapidly growing segment of high-spending domestic tourists. With this in mind, now is the perfect time to expand our operations in Vietnam’s capital city and strengthen our brand for further growth in Vietnam,” he added.
“Dusit’s ability to translate its Thai heritage and industry expertise into impressive localised experiences is fully evident at its international properties, including its first hotel in Vietnam, Dusit Princess Moonrise Beach Resort Phu Quoc, which opened in 2018,” said Le Minh Thanh, chairman of the Board of Management, General Technology Joint Stock Company. “We look forward to working with Dusit to offer a distinctive hotel experience in Hanoi that delights guests and customers, and which delivers long-term, sustainable value for all stakeholders.”
Dusit International’s property portfolio now comprises 307 properties operating under six brands across 15 countries. The company has also recently diversified into the food business, with strategic investments designed to mitigate risk, expand its customer base, and generate revenue from commerce.
