Transport and Industry Development Investment Joint Stock Company (Tracodi)
  • Construction Value: Phase 1 - $7M (completed); Phase 2 - $46.2M
  • Total Land Area: Phase 1 - 1.83 ha; Phase 2 - 11.2 ha
 

Background

  • Casa Marina Resort is located in Ghenh Rang, Quy Nhon, Binh Dinh, just 10km from the city center.
  • Phase 1 consists of 56 rooms and bungalows was started in October 2017 and completed in 2018. It was officially operated commercially in the middle of 2018 with occupancy rates around 70% on workdays and 100% on holidays.
  • Phase 2 will consist of 160 villas on hill with sea view, connecting to the resort.

Schedule

  • Phase 1: 2017 – 2018
  • Phase 2: 2019 – 2021

Financials For Phase 2:

  • Competitive selling price of 447,427 USD/villa
  • Revenue: $67.3M
  • Net Profit: $16.8M
  • NPV: $12.0M
  • IRR: 49.2%.

Other news

MALIBU MGM HOI AN

MALIBU MGM HOI AN

  • Construction Value: $45 million
  • Land area: 110,306 m2 
  • Construction period: 2018– 2020.
  • Main investor: BCG Land