Novotel Saigon Centre

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Overview

Type: 
Land area: 
1,600 sqm
Unit area: 
0 sqm
GFA: 
23,165 sqm
NLA: 
0 sqm
Hits: 
168
General Information
· Developer: Invesco JSC
· Seller: Que Huong Liberty JSC
· Street no: 167 · Street: Hai Ba Trung · Ward: 6 · District: 3 · City: Ho Chi Minh City
Property Notes

General description:

Novotel Saigon Centre is located in downtown Diastrict 1 on Hai Ba Trung Street which gives access to major consulates, commercial areas, and shopping centres. The 4-star hotel features 247 rooms. The invested capital was reported to be VND1,200 trillion (2012) and the original investor was Que Huong Liberty Company, an affiliate of Saigon Tourist Travel Service Company.

Legal/ developer overview:

47 Years remaining on a Land Lease basis at date of sale 2016.

Merger & acquisition &/or sale:

Transaction was reported in Q3 2016, the seller was reported to be Liberty Corporation and the buyer was reported to be SGGV Investment. Please subscribe for more information.

Marketing, leasing or asking price:

Q3/2016, the asking room rate for a standard room, reported to be from US$90 to US$110 per night.

Q3/2018, the asking room rate for a standard room, reported to be from US$102 to US$135 per night.

Q4/2019, the asking room rate for a standard room, reported to be from US$120 to US$158 per night. 

Sale & evidence history

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General amenities

  • Bus station
  • Entertainment centre
  • Hospital
  • Local People's Committee
  • Metro station
  • Modern retail complex
  • Museum
  • Parkland
  • School
  • Supermarket/Minimart
  • University

Facilities

  • Bar (general)
  • Cafe
  • Concierge
  • Gymnasium
  • Lifts
  • Meeting room
  • Pool/s
  • Reception/ concierge
  • Restaurant
  • Spa

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