Indochina Kajima Development Company, a real estate development company, held a groundbreaking ceremony in Ho Chi Minh City on November 30 for The Wink 75 NBK Hotel, the first of a chain of “affordable luxury” hotels across Viet Nam. The Wink 75 NBK hotel will be located at 75 Nguyen Binh Khiem Street in HCMC”s District 1. It is the first hotel product of Indochina Vanguard Hotels Pte Ltd, a joint venture established in 2016 between Viet Nam-based Indochina Capital Corporation (specializing in real estate, financial services and capital markets), and Singapore-based Vanguard Hotels Pte Ltd.
The 237-room hotel on Nguyen Binh Khiem Street will target business and leisure travellers and offer a luxury experience with a taste of the local culture at an affordable price range. The hotel will feature minimalist-style guestrooms equipped with modern technologies and co-working spaces. It will be finished in early 2020 and the soft-launch is expected in March 2020.
|Wink Hotels 75 NBK groundbreaking on Nov. 30, 2018 – Photo courtesy of Indochina Kajima|
A total of 20 Wink Hotels will be built across Viet Nam in the next five to seven years, and the chain may expand to other countries nearby such as Laos and Cambodia. Indochina Kajima was founded in 2016 and is a joint venture between Indochina Capital and Kajima Corporation, a leading Japanese construction company, said it would invest more than $1 billion USD in Vietnam over the next 10 years.
Kajima Corporation, founded in 1840, is one of the big five Japanese contractors and the largest Japanese overseas real estate developer. Kajima’s global footprint operates through subsidiaries in Asia, Australia, Europe and North America.
|Wink Hotels co-work space with its modern design – Photo courtesy of Indochina Kajima|
Some of the company’s most impressive real estate projects include the Four Seasons Resort Hualalai in Hawaii, one of the world’s most renowned resorts, and Senayan Square in Jakarta, Indonesia, one of Asia’s largest multi-purpose developments. Kajima has immense financial strength and credibility, with its stock listed on four leading exchanges in Japan. The company’s stock is a constituent of the Nikkei 225 Index, with total market capitalization of $ 7.5 billion USD.