THE BANYAN Tree Group is set to open the Laguna Lăng Cô integrated resort in Vietnam on November 1, 2012.
Situated within Lăng Cô Bay in Thua Thien-Hue province, Laguna Lăng Cô will be Banyan Tree’s first foray into Vietnam.
“Banyan Tree has long been interested in establishing a presence in Vietnam to replicate the success of our flagship (Laguna Phuket) integrated resort in Phuket,” said Ho KwonPing, executive chairman of Banyan Tree Holdings.
“We are confident that Laguna Lăng Cô will flourish as a holiday and premium properties destination for both domestic and international luxury tourists.”
Once completed, the 280-hectare Laguna Lăng Cô will feature Banyan Tree and Angsana branded hotels and spas, an 18-hole championship golf course designed by Nick Faldo, private villas and residences, and convention and recreational facilities.
Banyan Tree Lăng Cô will offer 32 one-bedroom lagoon villas and 17 one-bedroom beach villas, while Angsana Lăng Cô will offer 229 suites.
Meanwhile, Banyan Tree Residences Lăng Cô will offer one-, two- and three-bedroom villas featuring private plunge pools; Angsana Residences will offer one- and two-bedroom units.
Phase 1 of the Laguna Lăng Cô project represents a US$200 million investment funded through the Banyan Tree Indochina Hospitality Fund, the first real estate investment fund established by the Banyan Tree Group in 2008.