The Grand Ho Tram Strip Resort is the first luxurious large-scale integrated resort and leisure destination in Vietnam.The first phase of its development – The Grand Ho Tram Strip – opened its doors in 2013 and includes a 541 room five-star hotel, 3 stunning swimming pools, a world-class casino facility with over 580 slot machines and 90 live tables, restaurants and bars, state-ofthe- art convention center space, a Spa center, an exclusive VIP area, as well as a variety of beach-front recreation activities. Its adjacent link-style golf course – The Bluffs Ho Tram Strip – was designed by Greg Norman and opened in October 2014. Future developments at Ho Tram will include an addition to The Grand comprised of a mixture vacation homes and residential villa developments; a second integrated resort which will include gaming amenities; and three additional five star resorts.
The Grand Ho Tram will soon become rebranded as the InterContinental Grand Ho Tram after signing an agreement with IHG last week. The agreement will also see the building of a new Holiday Inn Resort Ho Tram Beach to open in 2020, which IHG said will reinforce its growth in Vietnam, strengthening its presence in […]
Wyndham Hotels & Resorts, an international hotel company, is planning to develop a 12 storey hotel on the Ho Tram Strip under its Ramada brand. Owned and developed by Ho Tram Project Company Limited, Ramada by Wyndham Ho Tram Strip is set to become upper-midscale seafront hotel located within the Ho Tram Strip – Vietnam’s […]
ACDL executive chairman and CEO Michael Kelly has been elected as Vice Chairman of the AmCham Vietnam Board by his fellow governors. In his new role as Vice Chairman, he will serve as a principal advocate for U.S. businesses and investment in Vietnam, expanding on the work he has done to date in his capacity […]
Vietnam’s southern province of Ba Ria-Vung Tau has agreed in principle to allow the Ho Tram Project Co Ltd to construct a small airport used exclusively for the integrated resort complex, VN Express International reports. The proposed airport would cover 200 hectares in Dat Do District under the build-operate-transfer model. While the airport will be […]
US investment fund Harbinger Capital today announced its second US$50 million investment in the past 14 months into Vietnam’s premier tourism development, the Ho Tram Strip. The total investment in Ho Tram Strip is now approaching nearly $1 billion of the $4.2 billion planned for the 2.2 kilometer beachfront development. The investment represents the ongoing […]
Vietnam is taking a step towards lifting a ban on locals gambling, but the experiment is limited to two casinos, leading to question marks over whether it will be the game changer that many foreign investors had hoped. The narrow scope of the experiment and remote location of the proposed resorts may hamper the revenue potential.
In June, Vietnam took the long-awaited step and sent a draft decree that could pave the way for locals to gamble to the National Assembly. There’s been much speculation over the impact a change in the law will have for both Vietnam and neighboring Cambodia’s casino industries and whether Vietnam will finally be able claw back revenues lost over the border.
Foreign investors are still waiting for clarity on when Vietnam will pass a bill that is expected to reform the country’s gambling industry, opening the market to locals for the first time and potentially triggering a flood of foreign investment. The passage of legislation is keenly awaited by operators keen to enter the market, but who are wary of major investment in a jurisdiction solely reliant on foreign tourism.
Along Vietnam’s coastline in Ba Ria-Vung Tau Province, the verdant hills of The Bluffs golf course rise and fall to form undulating shapes on either side of a road that leads into one of Vietnam’s newest and most spectacular casino resorts, The Grand on the Ho Tram Strip.