The Bank Forecloses on a Luxury Hotel in Hoi An, Valued at Hundreds of Billions

The Hoi An Silk Hotel is a luxurious 4-star retreat, offering an elegant escape with 92 exquisite rooms, a refreshing swimming pool, a tranquil spa, a fine dining restaurant, and a lively bar.

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The swimming pool area of Lụa Hội An Hotel, (Image: booking.com)

VietinBank Hội An recently announced the selection of an organization to auction off the secured assets of Lụa Hội An Hotel Limited Company. Specifically, the assets up for auction include the land-use rights, attached hotel structures, and all equipment necessary for the hotel’s operations.

Lụa Hội An Hotel is located on Lot 123, Map Sheet 30, Block 3 (now Tu Lễ Block), Cẩm Phô Ward, Hội An City, Quảng Nam Province. The starting price for this auction is 240 billion VND.

According to our sources, Lụa Hội An Hotel is a 4-star accommodation with 92 luxurious rooms, a swimming pool, spa facilities, a restaurant, and a bar. Notably, during the COVID-19 pandemic, this hotel served as a centralized paid quarantine facility for entrants to Quảng Nam.

Previously, VietinBank Hội An also announced the auction of two Le Pavillon-branded hotels in Cẩm Phô Ward, Hội An City. These properties served as collateral for loans from the bank.

The first asset, belonging to Hoàng Hùng Phát Company, includes land-use rights and the Le Pavillon Hoi An Central Luxury Hotel & Spa structure, spanning nearly 850 square meters in Cẩm Phô Ward, Hội An City. This 6-story hotel with 84 rooms was offered for sale at a starting price of 92 billion VND in November 2023.

The second asset is Le Pavillon Hoi An Square Luxury Hotel, owned by Hoàng Liên Phát Tourism Service Company Limited, with an area of over 610 square meters, also in Cẩm Phô Ward. This 7-story hotel was offered at a starting price of over 97 billion VND in November 2023.

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