The agreement was signed on August 31 between representatives of Starwood and Tien Phuoc & 990 Limited Company, the hotel’s investor.
The US$120 million hotel, covering 3,236 sq.m, will offer 357 rooms and nearly 14,000 sq.m of office space for lease.
The 23 storey-building will be built according to five-star standards.
Once completed in the second quarter of 2011, the hotel will give a facelift to the city’s scenery.
Starwood is one of the world’s leading hotel and entertainment groups, and now manages major, well-known hotel chains, such as St. Regis, the Luxury Collection, Westin and Sheraton.
The US$120 million hotel, covering 3,236 sq.m, will offer 357 rooms and nearly 14,000 sq.m of office space for lease.
The 23 storey-building will be built according to five-star standards.
Once completed in the second quarter of 2011, the hotel will give a facelift to the city’s scenery.
Starwood is one of the world’s leading hotel and entertainment groups, and now manages major, well-known hotel chains, such as St. Regis, the Luxury Collection, Westin and Sheraton.
