JLL’s Hotels & Hospitality Group has been retained as advisor to Cypress Assets Limited (the “Owner”) to offer for sale the Sheraton Nha Trang Hotel & Spa (the “Property” or “Hotel”) located at 26-28 Tran Phu Street, Nha Trang City, Vietnam.
Occupying a prime beach front location in Nha Trang, the Hotel features 280 well-appointed guestrooms, offering uninterrupted views of the golden coastline and turquoise waters of the East Sea. The Hotel is situated in close proximity to a variety of cultural and historical sites, and is flanked by scenic mountains and pristine beaches to the east and west. Tourism to the bay city has witnessed dramatic record growth in recent years, and is expected to continue with the up coming expansion of Cam Ranh International Airport in 2018. The Hotel is managed by Sheraton Hotels and Resorts, representing a unique opportunity for an incoming investor to access in-place cash flow and upside potential, including a newly obtained casino licence.
Additional information on the Property, including financial, legal and building details, is available for review upon execution of the confidentiality agreement.