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Strategic long-term partnership between MASTERISE HOMES MARRIOTT INTERNATIONAL

Update: January, 07/2021 - 16:20

Strategic long-term partnership between MASTERISE HOMES & MARRIOTT INTERNATIONAL brings the world’s largest branded residences to Viet Nam.

The signing ceremony between Masterise Homes and Marriott International officially took place on January 6, 2021 at Sheraton Saigon Hotel with representatives of both parties, representatives from the US Consulate in Vietnam and American Chamber of Commerce in Vietnam (AmCham Vietnam) in attendance

The joint effort of the two entities – each bringing their impressive experience and expansive expertise in property development and hospitality management – is expected to bring a new ultra-luxury residential product concept of Branded Residences, to Viet Nam, elevating and changing the local landscape of residences to truly global luxury standards. The partnership also underscores Masterise Homes’s position as Viet Nam’s leading real estate player, reflecting its 6-year transformation to become a reputable world-class property developer.

The agreement is expected to deliver unparalleled luxury living in Viet Nam and is set to allow Masterise Homes to extend its development expertise into Viet Nam’s fast-growing luxury real estate market, leveraging Marriott International’s global brands such as Marriott, JW Marriott and especially The Ritz-Carlton, one of the most superior luxury brands of Marriott, to introduce Urban Branded Residences to the Vietnamese property market.

Representatives from Masterise Homes (from left: Mr Tran Quoc Hoai, Ms. Nguyen Huong Lien, Mr Jason Turnbull) & representatives from Marriott International (from left: Mr Justin Malcolm, Mr Scott Hodgetts, Mr. Ha Quoc Minh) and honored guests from US Consulate General (middle: Mr. Alexander Tatsis, Economic Section Chief) and AmCham Vietnam (middle: Ms. Mary Tarnowka, former Consular General for the USA in Vietnam and Executive Director AmCham Vietnam) at the signing ceremony

“Masterise Homes has been building renowned properties in Viet Nam, and we have solidified our position as an industry leader given our focus on building the real estate ecosystem with premier international standards. Our collaboration with Marriott International is another feather in our cap and, given their global standing, further highlights our capabilities to deliver the best living experiences with world-class standards to our residents,” said Mr. Jason Turnbull, Deputy Managing Director and CFO, Masterise Homes.

Mr Jason Turnbull, Deputy Managing Director and CFO, Masterise Homes delivered a speech at the signing ceremony

“Viet Nam’s growth throughout the years has been very impressive,” remarked Mr. Rajeev Menon – President - Asia Pacific (excluding China), Marriott International.  “We are grateful for the opportunity to work with Materise Homes to realise their vision of building premium communities in Viet Nam, and are excited about growing our branded residence footprint in the region.”  

“Our development will be associated with some of the most renowned brands in Marriott International’s portfolio, such as Marriott, JW Marriott and The Ritz Carlton – which will be the first residences of these brands in Viet Nam. Their design, development, management and operation standards will follow the same requirements of any branded residence that carries the same brand around the globe, offering global citizens the privilege to experience world-class ultra-luxury living that is similar to a 5-star JW Marriott branded residence in London or a Ritz Carlton in New York,” added Turnbull.

The projects that are currently in the planning stage are located in both HCM City and Ha Noi, and will take the lead in introducing the Urban Branded Residences concept in Viet Nam. The Branded Residences experience, as seen in many developed real estate markets, offers tremendous opportunities in Viet Nam amidst rising demand for alternative residential products that offer the next level of luxury living. This positive outlook certainly bodes well for upcoming projects between Masterise Homes and Marriott International

Representatives from Masterise Homes & Marriott International giving flowers to honoured guests Mr. Alexander Tatsis, Economic Section Chief, US Consulate & Ms. Mary Tarnowka is former Consular General for the USA in Vietnam Executive Director of Amcham.

Grand Marina Saigon - the first highly anticipated project is situated at a one-of-a-kind location in the heart of HCM City. Its site is the last remaining large plot of developable land at the northern bank of the river within District 1, with a unique waterfront and historical background. The development is a large-scale, mixed-use complex with residential, office and commercial features. It is expected to be Marriott International’s largest branded residence project in the world, and the company’s first foray into Viet Nam’s highly vibrant branded residential market segment. The development will also position Masterise Homes as one of the largest real estate players in HCM City, supporting Marriott International’s global portfolio of properties. The complex, envisioned to be ultra-luxe, is set to be a highly exclusive and dynamic community and economic hub at the heart of both HCM City, attracting Viet Nam’s tastemakers as well as international high-net-worth individuals.

About Masterise Homes

Masterise Homes is the member of Masterise Group that manages and develops all residential real estate brands of the group. With its philosophy of "Customer Centricity", Masterise Homes relentlessly applies world-class standards in our developments. We are committed to delivering unrivalled quality in all products and services for the ultimate in customer experience, contributing to the community and promoting sustainability, in Viet Nam and beyond.

Masterise Homes: https://masterisehomes.com/

Marriott International: https://www.marriott.com/marriott/aboutmarriott.mi

Marriott Branded Residences: https://marriottresidences.com/

 

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