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Challenge

This prestigious Resort & Spa in Da Nang was developed by Indochina Capital and is operated by Hyatt Hotels and Resorts, one of the world’s leading hotel operators.

Altus Group provided full Cost and Contract Management services, which included detailed cost plans to tender, tender letting, contract management and the successful agreement of all final accounts. Key issues for the Client were an early on-site commencement, fast-track procurement and a stringent opening date. To achieve Indochina Capital’s requirements, Altus identified and recommended a management contracting procurement / tender route, which provided a transfer of risk to the Contractors and greater cost control for the Client.

Services provided

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

Results

This exclusive 5-star beach-front development, situated on a 20 hectare site, comprises three components – a 200 room hotel, 174 condominiums and 27 luxury three bed villas mixed with internationally designed external hardscape / landscape works and ancillary buildings / restaurants.

The Hyatt Regency Resort & Spa was successfully opened on time and within tight budget constraints. It has won numerous awards including Best Resort Hotel (Vietnam) at the International Hotel Awards 2012 and was named one of the world’s ten most beautiful resorts by Forbes Magazine.

Services provided

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

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

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