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KAHUNA Ho Tram Strip condotel and villa project launched

Kim Yen
Thursday,  Aug 31,2017,22:54 (GMT+7)
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KAHUNA Ho Tram Strip condotel and villa project launched

Kim Yen

An artist’s impression of the KAHUNA Ho Tram Strip - PHOTO: HTP

HCMC - The Ho Tram Project Company Ltd (HTP), a wholly-owned subsidiary of Asian Coast Development Ltd, has introduced its KAHUNA Ho Tram Strip condotel and villa project in Ba Ria-Vung Tau Province to potential investors.

HTP said in a statement that KAHUNA Ho Tram Strip is a key resort development comprising 164 condotel units in a 12-storey tower, 36 double key villas and eight beach front villas, all for long-term lease. Investment costs range from US$88,800 for a one-bedroom standard unit to US$400,000 for a penthouse and from US$350,000 to US$900,000 for a villa.

HTP said it guarantees a return of 8% per annum for two years of net lease cost. Following this, lessees benefit from a 60/40 net rental revenue share for the remaining eight years of the rental pool agreement. Besides, they enjoy 21 room nights per annum in the resort.

Named after the legendary waves of Hawaii, the KAHUNA Ho Tram Strip captures the essence of a beachside holiday experience. Executive chairman of HTP Michael Kelly said the condotel and villa development features a design inspired by a luxury cruise liner with sleek nautical lines.

HTP leads the development of the Ho Tram Strip on 164 hectares along 2.2 kilometers of beachfront in the southern province of Ba Ria-Vung Tau. The company said with over US$1.1 billion deployed and forward deployed capital, the Ho Tram Strip is the largest foreign invested tourism development undertaken in Vietnam and among the largest private equity investments into the country from the U.S.

KAHUNA is the fifth phase of the Ho Tram Strip development. The multi-billion-dollar Ho Tram Strip also includes the existing 541-room 5-star Grand Hotel, 559-room 5-star Beach Club under construction, Greg Norman-designed Bluffs Golf Course and Gallery Villas residential development.

HTP plans to develop a private international airport in the vicinity of the Ho Tram Strip and the other parts of the 164 hectare land for a water park, amphitheatre, wellness center, theme park and many more facilities.

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