Overview
A rare opportunity to lease a premium beachfront hospitality asset in Phan Rang, featuring a 4-star hotel and a 3-star resort, ideally positioned for rebranding and repositioning in an emerging coastal market. Currently not in operation, the asset enables a seamless takeover with full operational control, allowing the incoming lessee to deploy its own management team, staffing model, and brand standards.

The hotel tower, completed in 2020, rises 18 floors with modern ocean-view accommodations. The resort, originally built in 2009 and partially renovated in 2023–2024, features low-rise buildings and bungalows for a relaxed resort experience. The property offers 492 guest rooms and a full suite of amenities tailored to both leisure and business travelers, including dedicated facilities for large-scale events, conferences, and weddings.

The property benefits from prime beachfront location in central coastal Vietnam. Connectivity is enhanced by convenient access to Cam Ranh International Airport (CXR), approximately 55 km away.

Phan Rang is known for its rich Cham cultural heritage, unspoiled coastline with crystal-clear waters, and relaxed coastal lifestyle. As tourism infrastructure continues to develop, the destination is gaining traction as a high-growth market, supported by provincial targets of 10–11% annual economic expansion.

Land title
A leasehold tenure, expiring in 2058, for a total land area of 59,993 m²

Guest rooms
Hotel block, 304 units:

• Superior Ocean View: 38 m² - 48 units
• Deluxe Ocean View: 38 m² - 214 units
• Deluxe Ocean View (Family): 62 m² - 20 units
• Junior Suite (King): 71 m² - 14 units
• Executive Suite (King): 108 m² - 7 units
• Presidential Suite: 427 m² - 1 unit

Resort block, 188 units:

• Standard Garden View: 28 m² -  128 units
• Deluxe Garden View: 38 m² -  36 units
• Bungalow: 28 m² - 24 units

Facilities

• 3 fine dining restaurants
• Beachfront restaurant, up to 300 guests
• Sky bar, up to 50 guests (18th floor)
• Wedding and event ballroom: 850 m², up to 800 guests
• Business room
• Gym
• Sauna & Spa
• 2 swimming pools
• Tennis court
• Mini-golf

Lease Terms

• Security deposit: VND 250 billion - approx. US$9.5 million, refundable at the end of the lease term
• Annual rent: VND 45 billion - approx. US$1.7 million, with a 4.5% annual escalation
• Lease term: ± 5 years (negotiable)
• Purchase option (rent-to-own) available at the end of the lease term

Contact

Please contact for further information;

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Email

marcus.sandberg@realty-asia.com