Marriott International (NYSE:MAR) signed an agreement today with Sao Sang Nha Trang Co. Ltd. that will result in the opening of its first deluxe Marriott Hotels & Resorts-branded hotel in Vietnam in 2013 and its fifth property in the country. Construction is expected to start by year-end.
The 250-room Nha Trang Marriott Hotel will be located on Tran Phu Boulevard in the heart of Nha Trang City facing Nha Trang Bay, widely considered one the most beautiful bays in the world. Known for its pristine beaches and as the scuba diving center of Vietnam, Nha Trang is one of the most popular holiday destinations among residents and visitors to Vietnam. Nha Trang is a vibrant beach town that offers a multitude of things to do and see.
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