The first Ritz-Carlton branded residences in Vietnam is set to open in late 2023.
Masterise
Homes and Marriot International on October 5 announced the signing of an
agreement for The Ritz-Carlton Residences, Hanoi, a standalone luxury branded
residential project that marks the debut of the Ritz-Carlton brand in Vietnam,
slated to open in late 2023.
The
Residences at the Grand, Hanoi will be situated in the heart of prestigious
Hoan Kiem District, along popular Hang Bai Road and near Hoan Kiem Lake, one of
the city’s most beloved landmarks. The anticipated 104-unit branded residences
will feature one-bedroom Premier, two-bedroom Classic and three-bedroom
Presidential suites, to suit each resident’s needs and preferences.
The agreement leverages the long-term strategic partnership
between Masterise Homes and Marriott International, combining the expertise of
a pioneer in luxury real estate products and services in Vietnam and the global
hotel management company, owner of the Ritz-Carlton brand.
The
project features award-winning architects, designers, and project management
consultants. Once complete, the residences will be the country’s first
Ritz-Carlton Residences and the fifth in Asia Pacific following Singapore,
Bangkok (Thailand), Colombo (Sri Lanka) and Kuala Lumpur (Malaysia).
Jason Turnbull, deputy managing director cum CFO Masterise
Homes, commented: "The Ritz-Carlton Residences, Hanoi at The Grand is an
ultra-luxury development set to offer an enduring legacy for residents and
expected to be a masterpiece that matches the beauty of the facade’s classical
architecture and modern design combined with the legendary service of The
Ritz-Carlton. This project expects to change how we look at ultra - luxury
living and elevate Vietnam’s position on the global real-estate map."
In
line with the long-standing tradition of service excellence synonymous with The
Ritz-Carlton brand, homeowners will be able to enjoy world-class amenities
complemented by the legendary service from the Ladies and Gentlemen of The Residences.
Its prominent location offers the best of the city within close proximity and
allows residents to enjoy the vibrancy of Hanoi’s Old Quarter streets, and
return to the comfort and privacy of their residences in mere minutes.
"We
are thrilled to continue working with Masterise Homes to amplify our luxury
presence in Vietnam with the signing of The Ritz-Carlton Residences in Hanoi -
embracing the growing demands for branded living in this burgeoning
cosmopolitan city," said Rajeev Menon, president, Asia Pacific (excluding
China), Marriott International.
"Vietnam
is a dynamic market and we look forward to bringing the brand’s refined style
and legendary services to residents in Vietnam."
The Residences at The Grand, Hanoi is the second Marriott
branded residences in Vietnam, following the milestone dual- branded Grand
Marina, Saigon announced earlier this year, which operates under two brands
within the Marriot Bonvoy portfolio - JW Marriott and Marriott Hotels.
The
Ritz-Carlton Hotel Company, L.L.C., of Chevy Chase, MD., part of Marriott
International, Inc., currently operates more than 100 hotels and over 45
residential properties in 30 countries and territories. With 100 years of
history, an unshakeable credo and corporate philosophy of un-wavering commitment
to service, both in their hotels and in our communities, The Ritz-Carlton has
been recognized with numerous awards for being the gold standard of
hospitality.
Masterise
Homes, a member of Masterise Group, is a pioneer in bringing world-class excellence
to the development, operations, and management of luxury real estate products
and services, in the Vietnamese market and beyond. With a one-of-a-kind
portfolio comprising the largest Branded Residences in South East Asia,
Masterise Homes demonstrates world-class capabilities via a strategic
partnership with Marriott International, the largest hotel brand in the world
featuring the iconic brands of Marriott, JW Marriott and Ritz-Carlton.
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