Hyatt Regency Danang Residences

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Hyatt Regency Danang Sales Office
Son Tra - Dien Ngoc Coastal Road, Hoa Hai Ward, Ngu Hanh Son District, Danang, Vietnam
HOTLINE (+84) 5113 22 1234   |   EMAIL

Hyatt Regency Danang Resort and Spa opening – first residences handed over to owners

(Danang, Vietnam) Oct 2011 – The much anticipated Hyatt Regency Danang Resort and Spa officially opened on the 15th October 2011. As the first internationally managed five-star resort on the Central Coast the 200-room hotel is expected to set a new benchmark for the growing tourism in the Danang-Hoi An area where an increasing international clientele is visible.

With the opening of the resort, the Hyatt Regency Danang Residences have also been completed offering the same luxury lifestyle to owners that resort guests can experience. The first units have been handed over since mid-September, three months ahead of schedule, to owners who have expressed great satisfaction with the finished product. “Our owners are impressed with the quality of the construction and that the design is precisely what they expected. It is indeed a dream come true for our buyers, many of which purchased their unit when there was only a vacant land site.”, says Ms. Thao Nguyen, Sales Manager for Indochina Land in Danang. Handover of the 154 completed condominiums and 27 villas is expected to be completed before the end of the year while owners that have taken possession can already enjoy their new home or enter the Rental Program by Hyatt.

The Hyatt Regency Danang Residences are perceived as Vietnam’s most successful resort property by second home buyers and industry experts alike with over 80% of its inventory sold prior to completion. “Currently, most of our remaining inventory is in Block D which was the last phase to be launched and will be completed by the middle of next year. Excluding building D we have sold around 89% of our units to date which shows that there is a tremendous demand for luxury holiday homes in Vietnam.”, Ms. Thao states. Although the market over H2/2011 is sluggish due to economic factors, Ms. Thao is confident that the project can sell its remaining inventory before the end of 2012. “We think that the investors’ confidence will improve during the first half of 2012 and that the property market will recover in the second half of the year if the interest rates start falling.” Already now, Hyatt Regency Danang Residences are a success story that is unmatched in Vietnam and having commenced operations the remaining units are expected to sell easier as owners can see, feel and experience the lifestyle they can expect when owning a Hyatt residence.