The first Ritz-Carlton branded residences in Vietnam is set to open in late 2023. Masterise Homes and Marriot International on May 10 announced the signing of an agreement for The Ritz-Carlton Residences, Hanoi, a standalone luxury branded residential project that marks the debut of the Ritz-Carlton brand in Vietnam, slated to open in late 2023.
The Residences at the Grand, Hanoi will be situated in the heart of the prestigious Hoan Kiem District, along popular Hang Bai Road and near Hoan Kiem Lake, one of the city’s most beloved landmarks. The anticipated 104-unit branded residences will feature one-bedroom Premier, two-bedroom Classic, and three-bedroom Presidential suites, to suit each resident’s needs and preferences.
The project features award-winning architects, designers, and project management consultants. Once complete, the residences will be the country’s first Ritz-Carlton Residences and the fifth in Asia Pacific following Singapore, Bangkok (Thailand), Colombo (Sri Lanka), and Kuala Lumpur (Malaysia). The agreement leverages the long-term strategic partnership between Masterise Homes and Marriott International, combining the expertise of a pioneer in luxury real estate products and services in Vietnam and the global hotel management company, owner of the Ritz-Carlton brand.
Jason Turnbull, deputy managing director cum CFO Masters Homes, commented: “The Ritz-Carlton Residences, Hanoi at The Grand is an ultra-luxury development set to offer an enduring legacy for residents and expected to be a masterpiece that matches the beauty of the facade’s classical architecture and modern design combined with the legendary service of The Ritz-Carlton. This project expects to change how we look at ultra-luxury living and elevate Vietnam’s position on the global real-estate map.”
In line with the long-standing tradition of service excellence synonymous with The Ritz-Carlton brand, homeowners will be able to enjoy world-class amenities complemented by the legendary service from the Ladies and Gentlemen of The Residences. Its prominent location offers the best of the city within close proximity and allows residents to enjoy the vibrancy of Hanoi’s Old Quarter streets, and return to the comfort and privacy of their residences in mere minutes.
“We are thrilled to continue working with Masterise Homes to amplify our luxury presence in Vietnam with the signing of The Ritz-Carlton Residences in Hanoi – embracing the growing demands for branded living in this burgeoning cosmopolitan city,” said Rajeev Menon, president, Asia Pacific (excluding China), Marriott International.
“Vietnam is a dynamic market and we look forward to bringing the brand’s refined style and legendary services to residents in Vietnam.”
The Residences at The Grand, Hanoi is the second Marriott branded residences in Vietnam, following the milestone dual- branded Grand Marina, Saigon announced earlier this year, which operates under two brands within the Marriot Bonvoy portfolio – JW Marriott and Marriott Hotels.
The Ritz-Carlton Hotel Company, L.L.C., of Chevy Chase, MD., part of Marriott International, Inc., currently operates more than 100 hotels and over 45 residential properties in 30 countries and territories. With 100 years of history, an unshakeable credo and corporate philosophy of un-wavering commitment to service, both in their hotels and in our communities, The Ritz-Carlton has been recognized with numerous awards for being the gold standard of hospitality.
Masterise Homes, a member of Masterise Group, is a pioneer in bringing world-class excellence to the development, operations, and management of luxury real estate products and services, in the Vietnamese market and beyond. With a one-of-a-kind portfolio comprising the largest Branded Residences in South East Asia, Masterise Homes demonstrates world-class capabilities via a strategic partnership with Marriott International, the largest hotel brand in the world featuring the iconic brands of Marriott, JW Marriott and Ritz-Carlton.