Muong Thanh Group takes over Hoang Anh Gia Lai Hotel

Speaking with a reporter from Dan Tri newspaper , a representative of Muong Thanh Group stated that the company has officially taken over Hoang Anh Gia Lai Hotel (Gia Lai province). In the coming time, the group will carry out necessary renovations to operate the hotel; specific details will be announced later.

A source at Hoang Anh Gia Lai Group (stock code: HAG) also confirmed the above information to a reporter from Dan Tri newspaper.

The Hoang Anh Gia Lai Hotel has been acquired by a new owner (Photo: HAGL).

The Hoang Anh Gia Lai Hotel, originally owned by the Hoang Anh Gia Lai Group, commenced operations in December 2005. Comprising 117 guest rooms, it was the first 4-star hotel in the Central Highlands region. The property boasts a prime location right on Phu Dong Square – the heart of Pleiku city, near the intersection of Hung Vuong, National Highway 19, Nguyen Tat Thanh, and Truong Chinh streets.

Hoang Anh Gia Lai, chaired by Mr. Doan Nguyen Duc (Chairman Duc), sold this hotel to a company called Hoan Sinh Gia Lai Investment Co., Ltd. in October 2023.

According to business registration information, Hoan Sinh Gia Lai was only established in June 2023, with a charter capital of 200 billion VND, founded by two shareholders: Mr. Do Xuan Duc (address in Quang Nam ) and Ms. Nguyen Thi Huyen (address in Binh Dinh). Mr. Duc owns 49% of the capital while Ms. Huyen holds 51%. Mr. Duc also serves as the company's Director.

Hoang Anh Gia Lai announced the sale of the hotel to repay bonds issued in 2016 to the Vietnam Investment and Development Bank ( BIDV ). According to Hoang Anh Gia Lai, the transaction is valued at 180 billion VND.

Source: https://dantri.com.vn/kinh-doanh/tap-doan-muong-thanh-tiep-quan-khach-san-hoang-anh-gia-lai-20240813164850208.htm