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Ho Tram opens new Hanoi office

The Ho Tram Project Company on Wednesday cut the ribbons on its new Hanoi office, used to support the company’s sales and leasing efforts.

According to a press release, the new office will also provide a base for ongoing liaison with government.

The Ho Tram Project Company is the developer of Vietnam's largest gaming destination. The Grand is 541 room integrated resort that features ten restaurants and bars, three swimming pools, as well as the nation's first international-standard casino.

The first phase of the resort opened in 2013, and construction is underway on the resort's second tower, which will add another 559 rooms to the property.  The resort also includes one of Vietnam's most prominent golf courses. Work is also under way on a beachside condominium tower and a golf-course villa development.

The Hanoi opening was presided over by The Grand's majority shareholder, Harbinger Capital's principal Phil Falcone and was attended by U.S. Ambassador Ted Osius, Vice Minister of culture, sports and tourism Huynh Vinh Ai, monetary and financial securities department general Nguyen Hung Linh, government officials and other VIP guests were also in attendance.

Falcone reiterated his commitment to the development and to the nation, saying: "Nearly ten years ago, I made my first investment in what would become The Grand Ho Tram Strip, in beautiful Ba Ria-Vung Tau. I had an instinct that Vietnam was quickly on the path to becoming one of the world’s premier destinations for inbound international investment and have seen the country’s promise firsthand. I am still as bullish today as I was a decade ago about Vietnam’s future and as an investor, I’m all-in."

"Hanoi is an important market for us, both as a source of potential tourists, potential investors into our residential offering as people look for beachfront homes, and the base for the nation's government. It is an honor then to be cutting the ribbon on this new office today," said Michael Kelly, executive chairman of The Grand Ho Tram Strip. "This represents another milestone in our commitment to delivering on a truly world class entertainment destination to Vietnam."

Located in Coner Stone Building 16 Phan Chu Trinh (Hanoi), the office will both employ a staff of its own as well as provide a working base for its Ho Tram based management team while in Hanoi.

Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.

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