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Strong appetite for luxury lifestyle in Vietnam as the Ritz-Carlton Residences announced in Hanoi

By Thuy Duong

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The first Ritz-Carlton branded residences in Vietnam is set to open in late 2023.

Hanoi, 05 October 2021 – Masterise Homes and Marriott International today announced the signing of an agreement for The Ritz-Carlton Residences, Hanoi –  a standalone luxury branded residential project that marks the debut of the Ritz-Carlton brand in Vietnam, slated to open in late 2023.

The Residences at the Grand, Hanoi will be situated in the heart of the prestigious Hoan Kiem District, along the popular Hang Bai Street and near Hoan Kiem Lake, one of the city’s most beloved landmarks. The anticipated 104-unit branded residences will feature one-bedroom Premier, two-bedroom Classic and three-bedroom Presidential residences, to suit each resident’s needs and preferences.

The agreement leverages on the long-term strategic partnership between Masterise Homes and Marriott International, combining the expertise of a pioneer in luxury real estate products and services in Vietnam and the global hotel management company, owner of the Ritz-Carlton brand. The project features award-winning architects, designers, and project management consultants. Once completed, the residences will be the country’s first Ritz-Carlton Residences and the fifth in Asia Pacific following Singapore, Bangkok (Thailand), Colombo (Sri Lanka) and Kuala Lumpur (Malaysia).

Honored guests from US Embassy Mr. Konstantin Dubrovsky – Deputy Economic Counselor (standing on the right) and representative from Marriott International Mr. Julian Wong – General Manager of Sheraton Hanoi Hotel (standing on the left) witness the signing ceremony.

On this occasion, Jason Turnbull, Deputy Managing Director cum CFO Masterise Homes, commented, “We are proud to introduce The Ritz-Carlton brand and a new luxury lifestyle to Vietnam. The Ritz-Carlton Residences, Hanoi at The Grand is an ultra-luxury development set to offer an enduring legacy for residents and expected to be a masterpiece that matches the beauty of the façade’s classical architecture and modern design combined with the legendary service of The Ritz-Carlton. This project expects to change how we look at ultra-luxury living and elevate Vietnam’s position on the global real-estate map.

In line with the long-standing tradition of service excellence synonymous with The Ritz-Carlton brand, homeowners will be able to enjoy world-class amenities complemented by the legendary service from the Ladies and Gentlemen of The Residences. Its prominent location offers the best of the city within close proximity and allows residents to enjoy the vibrancy of Hanoi’s old quarter streets, and return to the comfort and privacy of their residences in mere minutes.

“We are thrilled to continue working with Masterise Homes to amplify our luxury presence in Vietnam with the signing of The Ritz-Carlton Residences in Hanoi – embracing the growing demands for branded living in this burgeoning cosmopolitan city,” said Rajeev Menon, President, Asia Pacific (excluding China), Marriott International. “Vietnam is a dynamic market and we look forward to bringing the brand’s refined style and legendary services to residents in Vietnam.”

The Residences at the Grand, Hanoi – in the heart of the prestigious Hoan Kiem District.

The Residences at The Grand, Hanoi is the second Marriott branded residences in Vietnam, following the milestone dual-branded Grand Marina, Saigon announced earlier this year, which is under two brands within the Marriot Bonvoy portfolio – JW Marriott and Marriott Hotels.

The Ritz-Carlton Residences, Hanoi are not owned, developed or sold by Marriott International or its affiliates (“Marriott”). Masterise Homes uses The Ritz-Carlton trademarks under a license from Marriott.

About The Ritz-Carlton and The Ritz-Carlton residencesThe Ritz-Carlton Hotel Company, L.L.C., of Chevy Chase, MD., part of Marriott International, Inc., currently operates more than 100 hotels and over 45 residential properties in 30 countries and territories. With 100 years of history, an unshakeable credo and corporate philosophy of un-wavering commitment to service, both in our hotels and in our communities, The Ritz-Carlton has been recognized with numerous awards for being the gold standard of hospitality. The Ritz-Carlton Residences provide whole ownership, luxury living defined by sophisticated style and luxurious finishes, but equipped to deliver legendary Ritz-Carlton service in many of the world’s most vibrant cities and stunning resort destinations. From concierge services and in-residence dining to a dedicated residential management team, a lifestyle of privacy and comfort awaits.

About Masterise HomesMasterise Homes – a member of Masterise Group, is a pioneer in bringing world-class excellence to the development, operations, and management of luxury real estate products and services, in the Vietnamese market and beyond. With a one-of-a-kind portfolio comprising the largest Branded Residences in South East Asia, Masterise Homes demonstrates world-class capabilities via a strategic partnership with Marriott International, the largest hotel brand in the world with iconic brands of Marriott, JW Marriott and Ritz-Carlton. At Masterise Homes, we are committed to developing exquisite real estate projects to impeccable standards for the ultimate customer experience, delivering tangible and enduring value.

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