VND327 billion for Rex Hotel upgrade HCMC - The Rex Hotel now is upgrading a section of its premises on Pasteur Street in downtown HCMC with total investment funds of up to VND327 billion and plans to put the area into operation in October this year.
Tao Van Nghe, general manager of the hotel, said when in place, the newly-upgraded premises will provide 125 high-class rooms on high floors. The ground floor will be home to restaurants and this is the difference compared to the similar spaces of the hotel along Le Loi, Nguyen Hue and Le Thanh Ton streets which are being leased out to high-end fashion brands, Nghe noted.
"We will use one part of the space to do our restaurant business and lease out the remainder to others, with all tenants required to meet the criteria of the luxury hotel," Nghe stated.
When complete, the five-star hotel will have 284 rooms along with a series of shops and restaurants targeting high-class customers at the grounds floors. In the future, the hotel will be expanded into a bigger hotel bordered by the four streets.
Despite the operational suspension of 125 rooms in the year's first half for upgrade, the hotel still obtained over VND194 billion in sales, almost equivalent to last year's figure.