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Challenge

In 2006, TD Corporation wanted to invest in a residential development at Nha Trang Beach. Altus Group advised the Client to extend the project and create a hotel and 5 star luxury residential development under the management of the InterContinental Hotel Group in order to respond to changes in the market, thereby raising the standard and market value.

Altus Group provided full Cost Management services including initial feasibility estimates, cost planning, tendering and letting of the construction contracts, along with the post contract administration of works in progress up to and including the ongoing final account.

Services provided

Our technology-enabled expert services enable commercial real estate professionals to connect to the market with greater speed, visibility and efficiency.

Results

Costa Apartments / InterContinental Nha Trang boast over 300 guest rooms and suites and more than 100 serviced residences, which feature a contemporary tropical design by renowned Singapore based architect Tan Hock Beng. During the design development, Altus closely monitored and value managed the construction, including the changeover from the originally proposed Crowne Plaza Hotel to the finally realised InterContinental Hotel upgrade.

A 5 star luxury hotel for one of the most beautiful undeveloped beaches in Vietnam was delivered, which resulted in improved financial returns. The Apartments and Hotel were completed in 2013 and early 2014 respectively.

Services provided

Our technology-enabled expert services enable commercial real estate professionals to connect to the market with greater speed, visibility and efficiency.

Connect with us

Want to learn more? Let us know what you're interested in and one of our team members will be in touch.

Last updated on August 30th, 2019 at 03:55 am

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