Saigontourist targets 2,000 more deluxe rooms in 5 years

(SGT-HCMC) Vietnam’s biggest tourism corporation Saigontourist has set out a high target to have around 2,000 more high-end hotel rooms in the next five years, bringing to at least 6,000 five-star rooms by 2012, the company’s top leader said.

The Grand Hotel on Dong Khoi Street is being upgraded at a cost of more than US$ 20 million, and upon completion in 2009, the facility will have 173 new rooms plus 63 upgraded rooms.

Several four-star hotels in the list include the Majestic, Kim Do, and Continental hotels, which will also be turned into five-star hotels.

Saigontourist plans to spend around US$ 50 million to upgrade the Majestic Hotel into a five-star hotel plus a 27-story office building.

It is currently also expanding the Rex Hotel adjacent to the City Hall, and building the HCMC Exhibition and Convention Center in Saigon South.

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