Warburg Pincus targets to acquire The Grand Ho Tram in Vietnam

Several sources have informed IAG that the American private equity firm Warburg Pincus is targeting to acquire the integrated resort The Grand Ho Tram in Vietnam.
Phase 1 of Ho Tram cost around US$600 million to complete and features a 541-room hotel, a casino with space for 90 tables and a golf course. A second hotel under construction will bring the total key count to 1,100, with developer Ho Tram Project Co stating recently that it had deployed and forward-deployed capital of US$1.1 billion.
In addition, Warburg Pincus is also investing in Vincom Retail and Techcombank (370 million USD). The fund also invests in a Southeast Asian hotel construction joint venture with VinaCapital and a infrastructure joint venture with Becamex IDC (USD 200 million).
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