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HOT Hochtief AG

99.50
0.10 (0.10%)
08:44:54 - Realtime Data
Share Name Share Symbol Market Type
Hochtief AG TG:HOT Tradegate Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.10 0.10% 99.50 99.55 99.75 99.75 99.20 99.35 208 08:44:54

Starwood, Kinh Bac Agree To Develop 2 Resorts In Vietnam

10/06/2009 5:12am

Dow Jones News


Hochtief (TG:HOT)
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Starwood Hotels & Resorts Worldwide Inc. (HOT) and Kinh Bac Corp. have signed an agreement to jointly develop two five-star resorts worth $140 million in Vietnam, the Ministry of Planning and Investment said Wednesday.

The companies will build the $100-million Le Meridien Danang Resort & Spa on 8.4 hectares of land in the central coastal city of Danang, 760 kilometers south of Hanoi, the ministry said in a statement.

They will also build the $40-million Sheraton Dalat Resort & Spa on 18 hectares in the tourist city of Da Lat, 300 kilometers northeast of Ho Chi Minh City, it added.

It didn't provide a timetable for the construction of the resorts.

-By Vu Trong Khanh, Dow Jones Newswires; 844 35123042; trong-khanh.vu@dowjones.com

 
 

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