Thanhniennews.com, May 28, 2008

Hyatt Regency will be the third five-star project in Da Nang, Vietnam’s third-largest city, after the Furama Resort Danang and the newer Green Plaza Hotel. This number is still modest compared to the southern metropolis of Ho Chi Minh City and the northern capital of Hanoi, which are home to 11 and nine five-star hotels respectively. However, according to a number of hotel managers andexperts, while Hanoi and HCMC have attracted many luxury hotel projects, the central region’s beautiful beaches are ideal for high-end resorts.

Peter Ryder, general director of Indochina Capital, said his company planned to build three more commercial and service complexes in Da Nang and neighboring Quang Nam Province over the next three years.

>>Full article