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Hanoi gold-plated hotel put up for sale

Hanoi gold-plated hotel put up for sale

Saturday, March 04, 2023, 17:27 GMT+7
Hanoi gold-plated hotel put up for sale
A view of the gold-plated Dolce Hanoi Golden Lake Hotel from Giang Vo Lake in Hanoi. Photo: H.B. / Tuoi Tre

The gold-plated Dolce Hanoi Golden Lake Hotel is on sale at a starting price of US$250 million, with potential buyers coming from China, India, and the UAE, its owner has told reporters in Vietnam. 

The sale of the hotel is expected to be completed in April.

It is said that the COVID-19 pandemic has caused financial troubles to Hoa Binh Group, the owner of the 25-story hotel, which is located near Giang Vo Lake, about five kilometers from Hanoi’s center.

The property features gold-plated amenities and furnishings, from bath tubs, basins and toilets to its 24-karat gold rooftop infinity pool.

Nguyen Huu Duong, Hoa Binh Group’s major shareholder and chairman who grew his fortune in property and construction. Photo: H.B. / Tuoi Tre
Nguyen Huu Duong, Hoa Binh Group’s major shareholder and chairman who grew his fortune in property and construction. Photo: H.B. / Tuoi Tre

It offers 342 5-star rooms, including eight standard meeting rooms, a fitness room with modern equipment, and three Asian-European restaurants.

Nguyen Huu Duong, a major shareholder and chairman of Hoa Binh Group, is also the owner of the 12,500-square-meter Hoa Binh Green Da Nang complex, which has more than 1,000 apartments and hotel rooms and can resist earthquakes of magnitude 8, in central Da Nang City.

Aside from Duong, the decline in the number of visitors and revenue due to the COVID-19 pandemic has led many investors to plan the sale of about 70 hotels in Da Nang, a source told Tuoi Tre (Youth) newspaper. 

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Bao Anh - Bao Ngoc / Tuoi Tre News

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