Suncity Group, most famed for being a Macau junket operator, has confirmed that phase one of Hoi An South Integrated Resort in Vietnam will boast a hat-trick of hotels with around 1,000 rooms, costing approximately US$500m.
Construction of phase one started on April 23. The company is developing the resort in partnership with asset management firm VinaCapital Group and Gold Yield Enterprises, a subsidiary of Hong Kong’s Chow Tai Fook Enterprises.
The first phase will open in Vietnam’s Quang Nam Province in the first quarter of 2019, whilst the seven-phase project, costing some $4bn, won’t be completed by 2035.
The full resort casino will cover 985 hectares. The South Hoi An development will be the largest tourist destination in Quang Nam, which is already home to several resorts on the South China Sea coast.
Suncity said: “The phase one integrated resort is due for completion in the first quarter of 2019 and will include approximately 1,000 lodging rooms, three hotels, residential villas and apartments along with a championship golf course, food and beverage offerings, retail areas and a variety of further leisure and entertainment facilities. In the near future, Suncity Group will launch a variety of brand-new travel products and offerings and aim to further develop business scope internationally in the field of leisure and tourism.”
Malaysian-born Genting Group cancelled its involvement in the South Hoi An in September 2012 with the project stalling until the start of 2014.