Diamond Westlake Suites

Overview

Type: 
Hotel
Land area: 
45,000 sqm
Unit area: 
0 sqm
GFA: 
17,685 sqm
NLA: 
17,351 sqm
Hits: 
1,498
General Information
· Street no: 96 · Street: To Ngoc Van · Ward: Quang An · District: Tây Hồ · City: Hanoi
· Project (GFA): 17,685 sqm

All areas are approximate and as reported.

Property Notes

General description:

Diamond Westlake Suites is located on the north-eastern side of Ho Tay Lake. Facilities include outdoor pool, fitness centre and tennis courts. The complex comprises 175 keys (155 apartments and 20 villas), all available for short and long term lease. Total NLA for the apartments and villas is about 17,351 sqm. Current net achievable rents as at Q4/2018 is about US$26 - 27 per sqm per month plus VAT and service charge. This complex has changed its name from Sedona Suites Hanoi to Diamond Westlake Suites since BRG Group's acquisition in 2016.

Legal/ developer overview:

20 Years Remaining on Land Lease at Date of Sale Q2 2016.

Merger & acquisition &/or sale:

The seller was reported to be Keppleland and the buyer is reported to be BRG Group. The transaction occurred in Q2 2016. Refer to subscription data for more details.  

Marketing, leasing or asking price:

Daily room prices, as at Q4/2018, excluding taxes and service charge: US$108 for one-bedroom apartment (61 sqm). US$125 for one-bedroom suite with free upgrade to two-bedroom suite (91 sqm). US$126 for two bedrooms family suite (91 sqm). US$116 for business single room (59 sqm).

Q4 2019: Average room rate was about US$73.26 - US$153.56 (per night, excluding taxes and fees).

Sale & evidence history

General amenities

  • Entertainment centre
  • Hospital
  • Local People's Committee
  • Metro station
  • Parkland
  • School
  • Supermarket/Minimart
  • University

Facilities

  • BBQ area
  • Childrens play gym
  • Food Court
  • Golf net/s
  • Gymnasium
  • Lifts
  • Meeting room
  • Playground
  • Pool/s
  • Reception/ concierge
  • Sauna
  • Spa
  • Steam room
  • Tennis court
  • Tennis courts
  • Yoga
  • Putting green
  • Cafe
  • Restaurant

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