Jones Lang LaSalle , 14 December 2007
As exclusive advisor to Magnum Asia Limited, Jones Lang LaSalle Hotels (the “Firm”) is pleased to announce the completion of the acquisition of a 39-hectare prime beachfront site in Danang to US-based Kor Realty Group LLC (“Kor”). This deal marks the Firm’s second transaction this year on world-famous China Beach, Vietnam’s premier resort destination and one of the region’s most promising tourism markets.
Mr Craig Collins, Managing Director Investment Sales Asia, Jones Lang LaSalle Hotels, together with Ms Heng Sue Lin, Vice President, negotiated the transaction on behalf of Magnum Asia Limited.
Lining over 750 metres of pristine coastline, the spectacular beachfront site is slated for the development of Viceroy China Beach, a boutique luxury hotel. Each of the Viceroy properties of the Kor Hotel Group are renowned for their legendary locations, distinct style, and unique design.
VIETNAM – Jones Lang LaSalle Hotels inks second deal in China Beach, for 2007
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