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Masterise Homes & Marriott International

to introduce branded residences

On January 6, Masterise Homes signed a long- capabilities to deliver the best living experiences ucts that offer the next level of luxury living. This
term partnership deal with Marriott International with world-class standards to our residents.” positive outlook certainly bodes well for upcom-
to bring the world’s largest branded residences “Our development will be associated with ing projects between Masterise Homes and Mar-
to Vietnam. some of the most renowned brands in Marriott riott International.
The agreement is expected to deliver unpar- International’s portfolio, such as Marriott, JW The highly-anticipated Grand Marina Saigon
alleled luxury living in Vietnam and is set to Marriott and The ritz Carlton, which will be the project is situated at a one-of-a-kind location in
allow Masterise Homes to extend its develop- first residences of these brands in Vietnam,” he the heart of Ho Chi Minh City. The site was the
ment expertise into Vietnam’s fast-growing lux- went on. “Their design, development, manage- last remaining large plot of developable land on
ury real estate market, leveraging Marriott ment and operational standards will follow the the northern bank of the river within District 1,
International’s global brands such as Marriott, same requirements of any branded residence with a unique waterfront and historical back-
JW Marriott and, especially, The ritz-Carlton, that carries the brand around the globe, offering ground. The development is a large-scale, mixed-
one of its most superior luxury brands, to intro- global citizens the privilege of experiencing use complex with residential, office and
duce urban Branded residences to Vietnam’s world-class ultra-luxury living that is similar to a commercial features. It is expected to be Mar-
property market. 5-star JW Marriott branded residence in London riott International’s largest branded residence
“Masterise Homes has been building or a ritz Carlton in new york.” project in the world and is the company’s first
renowned properties in Vietnam and we have so- Projects that are currently in the planning foray into Vietnam’s vibrant branded residential
lidified our position as an industry leader given our stage are located in both Ho Chi Minh City and market segment.
focus on building a real estate ecosystem with pre- Hanoi and will take the lead in introducing the The development will also position Mas-
mier international standards,” said Mr. Jason Turn- urban Branded residences concept in Vietnam. terise Homes as one of the largest real estate
bull, Deputy Managing Director and CFO at The Branded residences experience, as seen in players in Ho Chi Minh City, supporting Marriott
Masterise Homes. “Our collaboration with Marriott many developed real estate markets, offers International’s global portfolio of properties. En-
International is another feather in our cap and, tremendous opportunities in Vietnam amidst visioned to be ultra-luxe, the complex is set to
given their global standing, further highlights our rising demand for alternative residential prod- be a highly exclusive and dynamic community

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

10 | VIETNAM ECONOMIC TIMES | FEBRUARY 2021