Canada-backed Asian Coast Development Limited last week started
construction of the second tower of the MGM Grand Ho Tram Beach at its $4.2
billion Ho Tram Strip project.
The company (ACDL) commenced work
on the pile foundations of the new property that will ultimately include 559
rooms and further leisure facilities, connected to the initial 541-room tower
which will open its doors in early 2013.
Ho Tram Strip, licensed in 2008,
is the most expensive tourism undertaking in Vietnam’s history. The project
includes five five-star hotels, of which two will include entertainment
facilities, and a Greg Norman-designed championship golf course.
“We are delighted to announce the
formal start of construction on a new second tower for the MGM Grand Ho Tram
Beach. I am thrilled that our vision for the Ho Tram Strip and for the future
of tourism in Vietnam, is coming to fruition so rapidly,” said ACDL chief
executive officer Lloyd Nathan.
Construction had initially been
planned to begin next year. However, with the rapid construction of the first
tower and leisure amenities, further development was accelerated with a view to
commencing construction on Tower 2 prior to opening the first phase of the MGM
Grand Ho Tram Beach.
The first tower of the MGM Grand
Ho Tram Beach and all of its related leisure amenities were close to completion
and will be open early next year, said Nathan. In addition, full construction
on its Greg Norman Golf Course has been underway for several months and is also
on track to open next year.
The MGM Grand Ho Tram Beach is
the first hotel in this project which is managed by MGM Resorts International,
one of the world’s leading global hospitality companies.
“The first phase of the MGM Grand
Ho Tram Beach is just a few months from opening,” said John Shigley, president
and chief operating officer of MGM Grand Ho Tram Beach. “With our 2,000-strong
team of dynamic tourism professionals preparing for our grand opening, we are
thrilled that ACDL is commencing construction of our neighbouring sister
tower.”
Shigley said after the completion
of the second tower, which will be constructed within about 18 months, MGM
Grand Ho Tram Beach ultimately comprises 1,100 rooms. This will become
Vietnam’s largest integrated resort.
“We are looking forward to
welcoming our customers through our doors and to bringing the unique energy,
excitement, and entertainment of MGM Grand to Vietnam,” he added.
Ngoc Linh | vir.com.vn
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