Warburg Pincus targets to acquire The Grand Ho Tram in Vietnam

26-03-2019
 
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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