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  • Essay / Mixed Use Hotel Case Study - 1668

    Developing and designing a mixed-use hotel property presents a certain legal and business challenge for developers, owners and operators because it combines several different locations in the same property. It also requires great attention to the operation and management of the project. There are several governmental and legal features to consider, including whether the mixed-use hotel is located in Vietnam; on Da Nang beach. “Galactica”, an international hotel management company is set to develop a mixed-use hotel project in Da Nang Beach, Vietnam, by forming a joint venture with Da Nang Development Company, a government-owned company Vietnamese. The mixed-use hotel developed in Vietnam will feature a 500-room hotel, including 200-room hotel condominium units with destination spa amenities, three swimming pools, tennis courts, a golf course and access to the beach and marina; in addition, 200 freehold residential condominium units and finally 100 club units. The entire project, including amenities, residential units and club units, would be branded Galactica.(1) The first step in the mixed-use property design is the lobby location. The safety and security of guests is extremely important, which is why all common areas should be equipped with security cameras and 24-hour security should be available on-site. A common lobby would be placed at the entrance level and provide 24/7 security screening, but a separate elevator would go to the residential and club units and another to the hotel rooms and condo units of the hotel. Each component would have its own lobby (hotel lobby and residential lobby) on a different floor. Fire dagger... middle of paper ... good relations with the government are vital and crucial. (PerkinsCoie.com)One of the main goals of the government is to improve Vietnam, raise more funds and attract more investors, which will not only attract more tourists and improve infrastructure, but also bring currencies in the country. And since Galactica has formed a joint venture with Da Nang Development Company, a real estate company owned by the Vietnamese government, it can be assumed that Galactica will maintain good relations with the government. Thinking in Asia is based on the short term. ; no one thinks 50 years ahead, but assuming that the mixed use hotel project is a success for Galactica, it will also be beneficial for Vietnam, especially for the Vietnamese government, it can be assumed that Galactica will be able to renew the term of the lease for another period. 20 years minimum.