Hotel Okura has joined hands with the Saigon Trading Group (SATRA) to roll out The Okura Prestige Saigon in Ho Chi Minh City in 2020, its first Okura Prestige property in Vietnam and third in the country managed by subsidiary Okura Nikko Hotel Management.
The hotel will be part of SATRA Tax Plaza, a 40-storey, multipurpose commercial complex under construction on the site of the former Saigon Tax Trade Center in District 1.
The Okura Prestige Saigon
Facilities will include 250 guest rooms, Japanese restaurants, all-day dining, rooftop bar, multipurpose banquet/meeting rooms, gymnasium and outdoor pool.
Hotel Okura’s president Toshihiro Ogita said: “We are focusing on hotel development in Vietnam because of its stable and highly promising GDP growth rate, which is averaging 6.5 per cent annually, and its affluent and youthful population (under 30), which accounts for half the nation’s population.”
Okura Nikko Hotel Management, which operates Okura Hotels & Resorts, Nikko Hotels International and Hotel JAL City, has plans to expand its global portfolio to 100 properties, primarily in Asia, by 2020.
Coming up next in the region are Hotel Nikko Bangkok in 2018, and The Hotel Okura Manila Bayshore and The Okura Prestige Phnom Penh in 2019.