Spanish PSH Group secures amusement park project

The VND1.06-trillion ($47.5 million) project will sport 1,000 four-star and five-star hotel rooms, 93 villas, and other facilities, such as a water park, a bird garden, a trade centre, and craft stores. It will be located on a land plot of 49.5 hectares.

The construction works will start in the second quarter of 2017. The project is going to start operations in the second quarter of 2019 and is expected to make the city more attractive to tourists by providing a wide range of entertainment options.

In 2016 the province has attracted a number of tourism projects. Names include Vinh Thanh-Vinh Xuan golf course project by BRG, Lap An Lagoon eco-tourism project by Bitexco, and Bach Ma luxury resort by Myway Hospitality.

PSH Group (Grupo PSH) is headed by president Gregorio Pérez Saavedra, son of Gregorio Pérez Alonso, who founded the Sunrise Beach Hotels (SBH) brand—a leading hotel group in the Canary Islands, with nearly 10,000 beds and around 1,200 employees.

In Vietnam, SBH has recently signed to manage and operate the Legenda Del Mediterraneo luxury resort, located on Lang Co beach, with a total area of 7.7 hectares and investment of VND700 billion (US$31.4 million). Developed by Vietnamese company Vicoland, the project is expected to start operation in December 2017. 

SBH is also surveying the southern province of Binh Dinh to develop a luxury resort.