Extensive hotel-villas project breaks ground in Da Nang

Construction of a 100 million USD hotel and villa complex began in the central city of Da Nang on Nov. 2.

Funded by the VinGroup, the Raffles Hotel and Residences will feature a 142 five-star hotel and 39 luxurious villas on Non Nuoc Beach , which was recognised as one of the world’s most beautiful beaches in 2005.

The project was originally licensed to the Magnum Company from the US. It was then bought back by Kingdom Hotel Investments and the European Hotel Corporation and transferred to VinGroup, which was previously called Technocom, from the Ukraine.

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