The project would add close to 4,200 residential and 'officetel' (office-hotel) units in Vietnam.
Marriott International has announced an agreement with Vietnam-based real estate firm Masterise Homes to develop a dual-branded residential and 'officetel' project with close to 4,200 units.
The project is anticipated to include branded units from two Marriott International brands – JW Marriott and Marriott Hotels.
It will be located in the heart of Ho Chi Minh City and is expected to open in late 2024.
“We are delighted to work with Masterise Homes to introduce a premium offering for potential homeowners in Vietnam seeking options affiliated with our globally respected brands,”
said Paul Foskey, Chief Development Officer, Asia Pacific for Marriott International.
“The signing underscores the strong appeal of the branded residences segment, especially within the Asia Pacific region.”
“Masterise Homes has developed renowned properties in Vietnam for over six years and solidified its position as an industry leader with its focus on building a real estate ecosystem with premier international standards,”
said Jason Turnbull, Deputy Managing Director and Chief Financial Officer for Masterise Homes. He continued -
“Marriott International’s commitment to operational excellence will help bring world-class standards to residents of this dynamic new project.”