The Hanoitimes - Indochina Kajima Development Limited (ICC-Kajima), the developer of the Wínk Hotels brand, has acquired a second site in Da Nang city for the construction of its third hotel worth US$40 million under the brand name of Wínk in Vietnam.
Wínk Hotels, the visionary hotel concept created by Indochina Vanguard Hotels (ICC-Vanguard) announced the third location in Da Nang’s business and entertainment district.
The property will offer a new style of entertainment, innovative food and beverage concepts, minimalist-style guestrooms and a well-equipped coworking space.
Wínk Hotels secures prime location in Da Nang for the brand’s third project.
Situated on Tran Hung Dao Street running along the Han River, and sandwiched between two of Da Nang’s iconic bridges - the Han River Bridge and the Dragon Bridge, the hotel complex will offer spectacular unobstructed views of the Da Nang skyline and Hai Van Mountains on one side and the Son Tra peninsula, Cham Islands and East Sea on the other.
Compared to Wínk’s first two projects at 75 Nguyen Binh Khiem, Ho Chi Minh City, and 178 Tran Phu, Da Nang, ICC-Kajima has much bigger ambitions for the Tran Hung Dao site.
The site’s prime location, on the bank of the Han River and in the city’s central business and entertainment district, speaks to the great potential of the development, according to Tuan Bui, General Director of ICC-Kajima.
With a total project value of US$40 million, the development will be a mixed-use complex consisting of a Wínk Hotel, Wínk Suites, the brand’s serviced apartments, and a podium devoted to food, beverage and entertainment. The building will have a 25 floor, 60-meter façade that runs across Tran Hung Dao Street, along the Han River. It will house 252 Wínk Hotel rooms and 70 Wínk Suites.
Vietnam has been witnessing strong growth of international hotels brands and foreign hospitality management companies in recent years. According to Savills Hotels, a particularly large increase has been observed in 2018 with recent announcements of Mandarin Oriental and Movenpick in Ho Chi Minh City, Best Western Premier in Quang Binh and Long Hai.
Compared to a few years ago, the number of projects that can appeal to international operators is much greater due to better quality, more international design concern, improved trust on foreign management companies and increased need for creating competitive advantages, according to Mauro Gasparotti, Director of Savills Hotels Asia Pacific.
“We observed a large increase of interest from operators in the country in the past three years, following the expansion of the hospitality market,” said Mauro Gasparotti.
“Vietnamese developers are still new to hospitality products, but with a large amount of supply coming, there will be a fast learning for some of them and more quality asset are expected to be underway,” he added.