HoREA Chairman Le Hoang Chau highly appreciated the strategy to implement Vietnam's first luxury real estate project between Mastersie Homes Group and Marriott International.
HoREA President highly appreciates the branded real estate of Masterise Homes and Marriott International
This information was announced by the Ho Chi Minh City Real Estate Association (HoREA), at the information exchange meeting between HoREA leaders and the leaders of Masterise Group Joint Stock Company (Masterise Group) on real estate projects. brand stuff.
At the meeting, Mr. Jason Turnbull – Deputy General Director cum CFO Masterise Corporation Marriott International is the world's leading real estate group established and operating for nearly 100 years, with more than 5,500 hotels and resorts spread across continents.
In Vietnam, Marriott International owns a chain of luxury hotels with brands such as JW Marriott, Sheraton, Le Méridien, Renaissance, such as: JW Marriott Hanoi; Sheraton Saigon; Four Points by Sheraton Da Nang; Sheraton Grand Danang Resort; Sheraton Nha Trang Hotel & Spa; Sheraton Hanoi; Le Méridien Saigon; Renaissance Riverside Saigon, especially JW Marriott Phu Quoc Emerald Bay Resort & Spa has just been put into operation.
According to Mr. Jason Turnbull, Marriott International highly appreciates Vietnam's economic development prospects and has decided to invest in Vietnam for a long time. Marriott International has carefully considered to choose a Vietnamese partner with a reputation for brand and capacity to develop branded real estate products. After the appraisal process, Marriott International has chosen to cooperate with Masterise Group to develop branded real estate products in Ho Chi Minh City with the world's largest project scale of Marriott International up to now.
Mr. Tran Quoc Hoai - Deputy General Director and Head of Legal and Compliance Division of Masterise Group also said that, in order to be selected as a partner of Marriott International, Masterise Group must fully meet all the requirements for: brand and capacity. For branded real estate projects, Masterise Group must fully meet strict standards in terms of planning, building design, and apartment design; requirements for building materials, interior and exterior equipment, utilities, services, and requirements for building management and operation up to Marriott International standards.
The historic handshake between Masterise Homes and Marriott International to bring the world's largest Branded Residence project to Vietnam
Notably, Mr. Le Hoang Chau, Chairman of HoREA highly appreciated the brand reputation and global position of Marriott International Group and recalled the fact that in the early 1990s, Marriott International was one of the water corporations. First foreign investment in Vietnam, joint venture with Vietnamese partners to build Sheraton Saigon hotel.
Mr. Le Hoang Chau also highly appreciated Masterise Group (formerly Thao Dien Joint Stock Company) for successfully investing in Masteri Thao Dien project, Thu Duc city. This group is also one of three groups in 2014 that proposed the city to self-manage and operate the system of roads and green parks within the project scope. Currently, Masterise Group is also implementing high-end real estate projects in the central area of Ho Chi Minh City, including branded real estate projects co-investing with Marriott International Group.
Mr. Le Hoang Chau welcomed and highly appreciated the long-term cooperation between Masterise Group and Marriott International Group to implement the first branded real estate projects that will bring success and efficiency to both sides (win -win). From there, contributing to improving the position of Vietnam's real estate market, meeting the needs of luxury housing of the very rich and super-rich in the country, foreign investors and attracting more investment capital. foreign investment.
Grand Marina Saigon – the first project marking the cooperation between Masterise Homes and Marriott International is located at the “golden” location of District 1.
Previously, information at the beginning of 2021 showed that Masterise Group and Marriott International had signed a comprehensive and long-term strategic cooperation with the plan to build the Branded Residences product line - "branded real estate" in Vietnam. Male.
The partnership agreement between Masterise Homes and Marriott International will bring the most premium brand in Marriott's product line, The Ritz Carlton, to the Vietnamese market for the first time. Besides, two other high-end product lines, Marriott and JW Marriott, will bring customers unprecedented experiences at Branded Residences (Branded real estate).
The developed projects promise to be timeless icons with the same standard of quality as any other Branded Residences in the world.
The news of the partnership between Masterise Homes and Marriott International is expected to bring a global impact to the real estate market in Vietnam, promoting the rapid development of new ultra-luxury housing products, increasing investment opportunities both domestically and internationally, boosting the economy, and creating a distinctive position for Vietnam. Particularly, it will enhance the living experience for the elite with full global standards.
See more Grand Marina project at: https://masterisesaigon.com/