VietNamNet Bridge – Thang Loi Hotel, the most beautiful and famous hotel in Hanoi, has new investors, including the BRG Group, a private corporation with golf, real estate and finance and banking businesses.

Its owner, Nguyen Thi Nga, the chair of the Southeast Asia Bank (SEAbank), is a famous entrepreneur who has successfully acquired large businesses and hotels in Hanoi.

According to anonymous sources, BRG Group has acquired a 30% stake after Thang Loi Hotel was privatized a few months ago. The State holds 20% of shares of the hotel and the rest was sold to the hotel’s staff and outside shareholders. BRG’s officials have held some key positions at the hotel.

However, Mr. Nguyen Kim Ha, director of the Thang Loi Tourism Hotel Co., Ltd told an online newspaper "This is just restructuring for more efficient investment, not for form of privatization. The Executive Board of the company does not change."

Thang Loi Hotel is located on Yen Phu Road, Tay Ho District. The hotel has a total area of about 4.5 hectares. It opened in mid-1975 and was the present of the people of Cuba to Vietnam.

The hotel has changed management several times. From 1975 to 1986, it was under the Government’s management. In the 1986 to 1995 period it was transferred to the Hanoi Tourism Company. Since 1995, the hotel has been an independent business.

In 2013, it was rumored that this Group acquired the Hanoi Hilton Opera Hotel. However, stakeholders have not issued any comments. BRG Group also declined to give official information about its capital contribution to Thang Loi Hotel.

VNE/VNN