Ascott Secures Major Management Deal for Citadines Riverside Cần Thơ
Ascott has secured a significant management contract for Citadines Riverside Cần Thơ, a major hospitality development in Việt Nam's Mekong Delta region. This move comes as Cần Thơ, the economic, cultural, and educational hub of the region, experiences robust expansion and a tourism renaissance, attracting millions of visitors each year.
The investor behind the Citadines Riverside Cần Thơ project is Huu Toan Corporation, a prominent Vietnamese energy solutions provider, partnering with The Ascott Limited for management. Tạ Hữu Toàn, CEO of Huu Toan Corporation, views Ascott as the ideal partner for their strategic diversification into hospitality and serviced residences.
Citadines Riverside Cần Thơ, set to open in 2028, will offer 244 contemporary units in a prime riverside location, just four kilometres from the city centre. Guests will enjoy easy access to cultural landmarks, business hubs, and entertainment venues. David Cumming, Regional General Manager of Việt Nam, Cambodia & Myanmar, Ascott, is committed to ensuring the success of this development and elevating it to a benchmark for hospitality excellence in the Mekong Delta.
The Citadines brand appeals to modern travellers seeking flexibility and authentic local experiences. Its flex-hybrid model caters to both short and extended stays, aligning perfectly with Cần Thơ's evolving hospitality landscape where business and leisure travel increasingly converge. This addition brings the Citadines portfolio in Việt Nam to five properties, marking the brand's entry into Cần Thơ and Huu Toan Corporation's debut hospitality venture.
Citadines Riverside Cần Thơ, with its strategic location and Ascott's signature hospitality philosophy, aims to set new benchmarks for serviced residences across the region. The partnership between Ascott and Huu Toan Corporation signals a promising collaboration, poised to deliver exceptional experiences for guests and contribute to Cần Thơ's thriving tourism scene.
Read also:
- Struggle for Wetlands, Wildlife Preservation, and Youth-Driven Conservation Movement Led by Matthew Vincent Tabilog in the Philippines
- Weekly proceedings in the German Federal Parliament (Bundestag)
- Pope Leo XIV Calls for Unity as Bishops Push Climate Action and Abortion Rights
- Cybersecurity: 2025's Strategic Lever for Business Growth
