Ho Tram unveils Kahuna condotel and villa

The Ho Tram Project Company Ltd (HTP) has announced the launch of KAHUNA Ho Tram Strip condotel and villa project.

Designed by leading Ho Chi Minh City architects, KAHUNA is named after the legendary waves of Hawaii, capturing the essence of a beachside holiday experience.

Mr. Michael Kelly, executive chairman of HTP, described the condotel and villa development as “featuring a design inspired by a luxury cruise liner with sleek nautical lines” and added that “in reinforcing the origins of its name and its coastal location, an aquatic concept has been incorporated throughout the resort design.”

KAHUNA Ho Tram Strip is a 244 key resort development made up of 164 condotel units situated in a 12-storey tower, 36 double key villas and 8 beach front villas all for long-term lease. Investment costs range from VND 2 billion (US$88,800) for a one-bedroom standard unit to VND 9.1 billion (US$400,000) for a penthouse and from VND 7.97 billion (US$350,000) to VND 20.5 million (US$900,000) for a villa.

In a press release, HTP said it guarantees a return of 8 percent per annum for 2 years of net lease cost for investors. Following this, lessees benefit from a favorable 60/40 net rental revenue share for the remaining 8 years of the rental pool agreement. In addition, lessees enjoy 21 room nights per annum in the resort.

KAHUNA is the fifth phase of the Ho Tram Strip development, adjoining the existing 541 room, five-star Grand Hotel, and the 559 room five-star Beach Club. To the west is the award-winning Greg Norman designed Bluffs Golf Course and the prestigious Gallery Villas residential development.

“We have made it our primary focus to ensure that the Ho Tram Strip is Vietnam’s entertainment capital. This is not just another resort development. It is a chance to be part of all the energy that has made the Ho Tram Strip what it is today,” Mr Kelly concluded.

More news from this jurisdiction

VietnamMonday, Mar 12, 2018

A senior police officer in Vietnam was arrested on Sunday on suspicion of involvement in an international gambling ring.

VietnamThursday, Mar 08, 2018

Interblock has announced the placement of a fifty-seat Diamond Stadium in the Muong Thanh Ha Long Hotel’s new VIP gaming club, Hollywood One Club.

Cambodia, Australia, VietnamWednesday, Feb 28, 2018

Headaches caused by a former Thai junket impacted the earnings of Australia-listed Donaco International in the first half of the 2018 fiscal year.

Vietnam, CambodiaThursday, Feb 08, 2018

Transport officials from Vietnam and Cambodia are looking to build a railway connecting Ho Chi Minh City with Bavet City, linking Vietnamese outbound travellers to the Cambodian casino hub.

VietnamMonday, Jan 22, 2018

Vietnam’s casinos will soon be required to adopt new measures that ensure all transactions and winnings are properly recorded and stored for security and tax collection purposes.

VietnamWednesday, Jan 03, 2018

Prime Minister Nguyen Xuan Phuc has agreed in principal to allow a casino to be added to the Laguna Lang Co. resort in central Vietnam, with a likely 2021 opening date, local media reports.

VietnamFriday, Dec 15, 2017

The Ho Tram Project Company said it had begun construction work on the next phase of the $4.2 billion Grand Ho Tram IR project in Vietnam, breaking ground for the Kahuna Ho Tram Strip Condotel and Villa Development.