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Le Pavillon Hotel in Hoi An is up for auction for over 95 billion VND

ZNewsZNews04/05/2023


Real Estate Business

  • Monday, May 1, 2023 09:00 (GMT+7)
  • 09:00 5/1/2023

The land use rights of 675 m2 and the property attached to the land, Le Pavillon Hoi An Boutique Hotel, are being offered for sale with a starting price of over VND95 billion.

Le Pavillon Hoi An Boutique Hotel is part of the Le Pavillon Hoi An group hotel chain in Hoi An city. Photo: Le Pavillon Hoi An group .

Quang Nam Property Auction Service Center has just announced the auction of assets of Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank) Hoi An branch. Accordingly, the assets are land use rights and assets attached to land in Son Pho I block, Cam Chau ward, Hoi An city, Quang Nam province of Hoang Chau Phat Tourism Service Company Limited. The starting price of the above assets is more than 95.6 billion VND , the deposit is 4.8 billion VND .

According to the auction agency, the land has an area of 675 m2 with a private use form, the purpose of use is commercial service land, long-term use. The property attached to the land is Le Pavillon Hoi An Boutique Hotel including attached equipment that has been formed.

The hotel has 68 rooms with a scale of 7 floors, one basement and a 66.2 m2 swimming pool; construction area of 397 m2; floor area of 3,122 m2; level III construction level.

Not only that, in Hoi An City, this bank is also auctioning assets such as land use rights and assets attached to the land, which is Phuong Nam Hoi An Hotel. The land plot with an area of 176.6 m2 is urban residential land, with a construction area of 140.61 m2; the construction floor area is 421.83 m2 in Tu Le block, Cam Pho ward, Hoi An city, Quang Nam province.

The above property has a starting price of 38 billion VND , a decrease of 2 billion VND compared to the first failed auction at the end of March. This time, the deposit for auction participants is 4 billion VND .

Similarly, Vietinbank Thua Thien Hue branch also announced to find a buyer for the debt of Doanh Ngan Company Limited. This is a long-term loan to invest in Romance Hotel and a working capital loan for business with a provisional outstanding balance as of May 19, 2022 of more than 178,129 billion VND . Of which, the principal debt is more than 60 billion VND , the rest is interest debt in due and overdue.

The collateral for the debt is the Romance Hotel (Phu Hoi Ward, Hue City) with a construction area of 597 m2 and a floor area of 7,294 m2, including 10 floors, basement and mezzanine. The project was completed in 2010.

In addition, the collateral assets are 4 land use rights at 6 Nguyen Thai Hoc (area 143.2 m2); house ownership rights and land use rights at 8B Nguyen Thai Hoc, Phu Hoi ward (area 384 m2); house ownership rights and land use rights of 108 m2 at 8/4 Nguyen Thai Hoc, Phu Hoi ward and assets attached to the land plot. The starting price of the above debt is more than 137.6 billion VND .

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Thanh Thuong

Auction of Quang Nam Hoi An hotel real estate hotel Le Pavillon Hoi An Le Pavillon Hoi An Quang Nam Vietinbank

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