LookAtVietnam - Saigon Invest Group has joined the race to tap Danang's coastal tourism potential with a new luxurious resort.
Saigon-Danang Investment Corporation, an affiliate of Saigon Invest Group, will develop the $110 million Le Meridien Danang Resort & Spa on Non Nuoc beach, which is currently seeing a construction boom.
According to the developer, the resort will consist of 349 hotel rooms , 149 luxurious apartments and 48 villas for sales.
Once completed in 2013, the five-star resort will heat up already fierce competition to lure foreign and local tourists to a range of tourism ventures along Danang's coast. Last year, the city received about 1.35 million tourists and the number is expected to increase to 1.45 million this year. more>>