He did not reveal the value of this business transaction, however, according to Commercial Real Estate Services (CBRE), Keppel Land has sold the Suites to BRG for US$31.5 million.
Sedona Suites Hanoi was inaugurated in 1998. It has 175 villas, clubs and entertainment facilities offering family suites & child-friendly amenities.
BRG Group invests and operates mainly in the fields of finance, banking and golf resorts, and has member companies, associate companies, and investment projects such as the Kings' Island Golf Resort in Hanoi City's Son Tay District, the Do Son Seaside Golf Resort in HaiPhong City's Do Son District and the Legend Hill Golf Resort in Hanoi City's Soc Son District.
It bought five-star hotel Hilton Opera in 2012 and purchased 30% of ThangLoi Hotel's shares. It also owns Hilton Garden Inn Hanoi on Tran Hung Dao Street, and Nhue River in Ha Dong District and holds majority shares of Pan Horizon Hotel, and InterContinental Hanoi Westlake.