Laguna Resort to grace Lang Co beach in style

October 16, 2011 | 23:17
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Michael Ayling, managing director of Laguna Resorts and Hotels, tells VIR’s Son Tran about how it will develop and sell its $875 million integrated resort in central Thua Thien-Hue province.

Why did the company choose Lang Co beach for this resort other than Danang, Nha Trang, Phan Thiet or Phu Quoc island?

We searched for locations in Vietnam and in the region. Finally we found Lang Co where we have all the ingredients for a successful holiday destination. A coastline of 1.74km surrounded by mountains by the sides of the project helps to make sure our beach is remained private for the luxury lifestyle experience. Also, we are fortunate to stay next to some of the world’s most inspiring UNESCO World Heritage Sites in Hue, the cultural centre of Vietnam. I believe Lang Co will be the third key destination in Southeast Asia apart from Phuket and Bali.

How will Laguna Lang Co be different from other resorts in Vietnam?

First of all, Laguna Lang Co will be, upon completion, the first and largest fully-integrated resort in Vietnam. Our magnificent 280 hectare Laguna Lang Co site will comprise seven international branded hotels and resorts, world-class dining, award-winning spas, Nick Faldo’s 18-hole Championship Golf Course, entertainment, retail and convention facilities. A 6 per cent guaranteed return for six years and the Worldwide Exchange Programme are also the two key benefits that we offer to the owners. Besides, the unique coastal setting with a stunning private beach, pristine white sands and crystal clear water surrounded by imposing mountains will create a unique beachfront lifestyle destination like no other.

How will the Laguna Lang Co be developed?

We have master-planned the fully-integrated resort in Laguna Co which will be developed under four phases. Construction is well underway on phase one of the development, which consists of three main components. The first is Angsana Properties Lang Co, a condominium-style resort with a total of 197 keys. We have launched phase one of Angsana Properties Lang Co for sale, which comprises 40 units in Building 3 of the resort.

The second component of phase one is Banyan Tree Lang Co, with a sophisticated portfolio of 129 high quality villas in various configurations, all designed in harmony with the surrounding landscape, which are scheduled to open for business at the end of July, 2012.

The third component of phase one is the Nick Faldo Championship Golf Course. This 18-hole golf course will be one of the key focal points of our integrated resort. It will also be a major highlight of central Vietnam’s future appeal to international visitors. Planning for phase two of Laguna Lang Co has now commenced, with the design phase of the third hotel and property developments of town homes and residences around the golf course – very similar to those developed and sold in Laguna Phuket.

Since all the apartments will be put under hotel inventory, how will the profit be divided between the owners and hotel operators?

Angsana Properties owners are offered a 6 per cent guaranteed return for the first six years and after that, a share of the actual room revenue.

Why are you so confident to offer the guarantee of an annual 6 per cent return on investment for Angsana Properties buyers?

Aside from Angsana Properties Lang Co, the 6 per cent guaranteed return has been offered by the Banyan Tree Group in various property projects in the region. And the Banyan Tree Group, as a well-recognised and trusted brand worldwide, has also help to generate tourists and guests, which contributes to high room revenues. Since the 6 per cent guaranteed return for six years is an official term in the contract with the buyers, we’ve committed by the laws to pay the 6 per cent return under any circumstances.

vir.com.vn

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