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The Asian Coast Development (Canada) Limited (ACDL), the investor in the Ho Tram Strip Project, recently announced its largest tourist complex in Vietnam.
The first hotel tower with 551 rooms was completed ahead of schedule and will become operational in January 2013. Construction of the second five-star hotel tower was recently started ahead of schedule and it will include 559 rooms and an entertainment center to be linked with the first tower.
Project CEO Lloyd Nathan said the project had created about 6,000 jobs and had paid a large amount of taxes.
The project will cost over US$4 billion and take 10 years for completion.
It is expected that the project will be completed by 2020 including 9,000 five-star rooms, 2,000 gaming computers, golf courts and entertainment facilities such as a casino targeting foreign customers.
The Ho Tram Strip spans along the coast in Ba Ria-Vung Tau Province. As the largest tourist complex in Vietnam, the project will include five five-star hotels, two of which will comprise of recreation and golf facilities.
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