The auctioned property is the land use right at No. 29 Doi Cung Street, Phu Hoi Ward, Hue City according to the certificate of land use right, house ownership and property on land issued by the Department of Natural Resources and Environment of Thua Thien - Hue province on September 4, 2019 to Thanh Trang Company Limited.

The land has an area of ​​517m2 of urban residential land with long-term use.

According to research, the address 29 Doi Cung street is the location of the 4-star MidTown Hue hotel. BIDV said that this hotel project includes 147.8m2 of construction area, the total floor area is 5,850.8m2.

The hotel consists of 13 floors above ground, one semi-basement, and one mezzanine. The hotel also has an indoor swimming pool, an outdoor swimming pool, a restaurant, a sky bar, a conference room, etc.

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Sky bar on the rooftop of MidTown Hue Hotel. Photo: MidTown Hotel

The starting price of the property is VND99.758 billion. Previously, this hotel was auctioned by BIDV Thua Thien Hue on May 30 with a starting price of VND105 billion but was unsuccessful.

Starting price does not include value added tax on the property, does not include registration fees for land use rights transfer and property ownership transfer.

It is known that Thanh Trang Company Limited, the investor of MidTown Hue Hotel, is legally represented by Ms. Dinh Thi Xuan Thanh. Ms. Thanh is also the representative at Viet Trang Beverage Company Limited.