Lotte Construction to Build 6-Star Hotel in Hanoi, Vietnam

SND Star Lake Project Bird's-eye View (Source: Samwoo Architects & Engineers)

[Asia Economy Reporter Donghyun Choi] Lotte Construction announced on the 6th that it has won the contract for the construction of the SND Star Lake Project, a 350 billion KRW-scale project to build a 6-star hotel on the site of the new city Star Lake near West Lake in Hanoi, the capital of Vietnam, on the 24th of last month.

The building will consist of a complex facility including a 6-star hotel (333 rooms), serviced residences (317 rooms), offices, and retail facilities. It will have 4 basement floors, 40 above-ground floors, a maximum height of 164 meters, and a total floor area of 215,099㎡. Construction is scheduled to begin in October this year, with an expected construction period of about 40 months.

On top of the two hotel buildings, a six-story sky bridge equipped with an infinity pool will be applied, expected to become a new landmark in Hanoi after completion. This project was ordered by Seonkyung E&C Group, which holds the largest number of logistics center project records in Korea.

Lotte Construction is currently carrying out large-scale complex commercial facility development projects, ‘Lotte Mall Hanoi’ and ‘Lotte Eco Smart City’ projects, in Hanoi and Ho Chi Minh City's Thu Thiem district, respectively. Lotte Construction previously completed Lotte Center Hanoi and successfully finished the 43-story apartment construction project ‘Kota Casablanca Phase 2’ in Jakarta, Indonesia. In 2018, it also entered the Cambodian market for the first time, winning the ‘Satapana Bank Headquarters New Construction Project’ in Phnom Penh, which is scheduled for completion in August.

Based on its experience in various complex commercial facilities and housing projects, Lotte Construction is actively expanding its overseas housing development business. Since 2018, it has been promoting investment and development-type projects in earnest, conducting numerous development projects through partnerships with leading local developers, including the ‘FLC Premier Park Development Project (870 apartments, 145 villas and townhouses)’ in Hanoi, Vietnam, the ‘La Premier Development Project (725 apartments)’ in Ho Chi Minh City, and the ‘Garden City New East 2 Project (3,300 apartments)’ in Jakarta, Indonesia.

A Lotte Construction official said, “This contract was awarded through a competitive bidding process, and the success factor was meeting the client’s requirements through various proposals such as pre-construction services in the early stages of the order, ultimately increasing the project’s value.” He added, “We will continue to actively pursue large-scale project contracts and development projects.”

This content was produced with the assistance of AI translation services.