Latest News about hospitality
The Hanoi People’s Committee has just proposed the government to extend the operational duration of boutique hotel Metropole Hanoi to 70 years, surpassing the framework of current regulations.
Despite the COVID-19 outbreak piling pressure on the toughest segments of the real estate market in hospitality, retail, and industrial property, positive signs have also been unearthed.
Cash flow shortages could put several hospitality developers in Vietnam into financial pressure, forcing them to offer their projects for sale.
Recapital Investments Pte., Ltd. officially sold its majority stake in Ninh Van Bay Travel Real Estate JSC and withdrew from the Board of Directors.
New supply and absorption see rapid rises in Q2 according to consultants DKRA.