The event not only demonstrates Warburg Pincus’ long-term investment commitment – a leading US private investment firm and one of the largest investors in Vietnam – but also symbolizes the strong partnership between the two countries in various fields, especially in economic and tourism development.
The event was attended by provincial and city leaders, representatives of Warburg Pincus – Mr. Stuart Haine, CEO and Co-founder of VinaCapital Group – Mr. Don Lam, CEO of Lodgis Hospitality Holdings – Mr. Christopher Hur, and CEO of The Grand Ho Tram – Mr. Walt Power, along with government agencies, businesses, and strategic partners.
The new 35-hectare subdivision of The Grand Ho Tram, with an investment of over $1 billion, includes a 5-star hotel system, resorts, entertainment facilities, a casino, and an international convention and exhibition center. This is part of the overall project of The Grand Ho Tram and contributes to a total investment of over $4 billion in the project, with 9,000 rooms, becoming one of the leading international resorts in Southeast Asia.
The project integrates comprehensive health care and treatment centers, diverse sports and entertainment centers, family entertainment areas, and internationally-standard MICE facilities. The Grand Ho Tram affirms its position as a leading luxury tourism brand in the region with its ecosystem of “One Destination – Million Experiences.”
The project gathers world-class amenities such as the top-ranked The Bluffs golf course and renowned hotel brands: InterContinental Grand Ho Tram, Holiday Inn Resort Ho Tram Beach, and Ixora Ho Tram by Fusion.
Image: The Grand Ho Tram
With its superior location and development potential, Ho Tram is becoming an attractive destination for domestic and international tourists. Located 50km from Long Thanh International Airport and 120km from Ho Chi Minh City’s financial center, Ho Tram is supported by a modern transportation infrastructure that is continuously being invested in and upgraded with key expressways such as Bien Hoa – Vung Tau, Ben Luc – Long Thanh, and connections to international airports and seaports.
This reduces travel time and facilitates Ho Tram to welcome about 100 million international visitors each year, along with a abundant domestic visitors. Especially, the Ho Tram – Long Thanh International Airport expressway under the Public-Private Partnership (PPP) model has just been directed by the Prime Minister to Ba Ria – Vung Tau province to accelerate the progress, expected to be inaugurated on 02/09/2025, promising to strongly promote tourism in Ho Tram and surrounding areas. In the future, Ho Tram will benefit greatly from macroeconomic policies when Ba Ria – Vung Tau is planned to be merged into Ho Chi Minh City, becoming a spearhead for economic and tourism development, contributing to a new momentum for the region and the country.
Image: The Grand Ho Tram
The Grand Ho Tram, owned by Lodgis Hospitality Holdings – a joint venture between Warburg Pincus, a long-established private investment firm in the United States with total assets of $116 billion, and VinaCapital, a leading multi-field investment group in Vietnam managing nearly $4 billion in assets and having a strong presence in the Asian market.
The groundbreaking of the new 35-hectare subdivision demonstrates the strategic vision and commitment to sustainable development from the collaboration between international and domestic investment funds, with the companionship of the Vietnamese government. The project will contribute to enhancing the country’s tourism, promoting the industry as a key economic sector, expected to contribute 15-17% of GDP by 2030, and making Vietnam a prominent destination in Asia and globally.
Further information:
The new subdivision has a scale of over 35 hectares and a total investment of over $1 billion, including a 5-star hotel system, resorts, entertainment facilities, a casino, and an international convention and exhibition center, with over 6,000 rooms serving about 18,000 guests per day, through a collaboration between Lodgis Hospitality Holdings and VinaLiving. The project marks the next step in the expansion strategy of The Grand Ho Tram, which has a total area of 164 hectares.
Lodgis Hospitality Holdings is a joint venture between Warburg Pincus and VinaCapital. Currently, the corporation owns over 30 hotels with nearly 6,000 rooms under renowned brands such as InterContinental, Holiday Inn, and Fusion Hotel Group in Southeast Asia.
VinaLiving is a tourism and resort real estate development company under VinaCapital Group. The company has developed many unique residential and resort projects in Vietnam, winning prestigious international awards. Collaborating with leading brands in design, project management, finance, and operations, VinaLiving ensures optimization and perfection in the entire project development process.
Tomorrow’s Stock Market Outlook: Potential for Increased Profit-Taking Pressure
The VN Index witnessed a volatile trading session on May 15, facing profit-taking pressures from large-cap stocks.
Billionaire Investors Lose Big on Peripheral Land ‘Surfing’
Spending millions on auction land in the outskirts with the hope of selling it at a premium, many investors are now forced to cut their losses and offload their investments before the payment deadline, with some even forfeiting their deposits as the speculative wave subsides.
“Empowering Family Businesses: The Backbone of the Private Sector”
Establishing a robust knowledge base and network, empowering family-run businesses to thrive sustainably, professionally, and across generations.
Unveiling the Real Estate Hotspots in the Newly Merged Province-City
The Capital Region is experiencing a significant real estate investment boom, particularly in its satellite towns. The anticipated provincial and municipal mergers are expected to catalyze unprecedented market growth, presenting lucrative opportunities for investors and developers alike.
“GENKAI – Affirming its Status as Vietnam’s ‘Seaweed King’”
With the aspiration to build a branded food conglomerate for Vietnam, GENKAI Group, under the leadership of its founder and chairman, Nguyen Cong Nam Hien – dubbed the “Seaweed King” – is steadily conquering the domestic and international markets.
