Superintentent agreement signed by tien phuoc and Starwood over Le Leridien Saigon Hotel
August 31st, 2009, Tien Phuoc Limited Company & 990 has reached another milestone in its operational history by signing a superintendent agreement with Starwood Corp. concerning Le Meridien Saigon Hotel.
Le Meridien Saigon comprises of 350 rooms, 4 restaurants & bars, gym facilities, healthcare and spa facilities, outdoor pools, and nearly 800m2 space for conference halls. Le Meridien Saigon will be part of the overall 23-floor complex including 5-star hotels and a range of A-class office leases covering 14,000 m2 of floor area. The project is estimated to finished by Quarter 2 of 2012.
Le Merdien Saigon, once completed, will become an eye-catching emphasis of the city landscape thanks to its advantegous position on Ton Duc Thang street of District 1 downtown, and the whole façade facing Saigon riverfront as well as Thu Thiem New Urban Zone. It will be a significant plus to Saigon’s existing contemporary facilities and contribute to the city image.
The project is joint-venture by Tien Phuoc Limited Company and 990 Manufacturing, Trading, and Service Company. The hotel will be placed under the management of Starwood Hotels & Resort Worldwide Inc., one of the world leading corporations in hospitality and hotel management. Starwood Hotels is the owner of many other prestigious hospitality brands such as St. Regis®, The Luxury Collection®, W®, Westin®, Le Méridien®, Sheraton®, Four Points® by Sheraton, and most recently Aloft®, và Element SM. Le Meridien Saigon will be a valuable addition to the reputation of Starwood brands in Asian region as well as the world.
This agreement ceremony also marks the debut appearance of Le Meridien brand in Vietnam. “We are confident that Le Meridien brand with its French architectural appearance and strong emphasis on authentic and artistic gastronomy will be a good fit for Vietnamese culture,” said Matthew Fry, Deputy Senior President of Starwood Corp. “Tien Phuoc & 990’s professional consulting team leaves strong impression on us, and we are strongly confident that this brand will be a success in Vietnam.”