Register Log-in Investor Type

Vinaland : VNL – sells Movenpick Hotel, Hanoi

Vinaland has divested a number of its ‘hospitality investments’ (mostly smaller operating hotels) as well as Movenpick Hotel in Hanoi for US$ 19.9m (at a c 5% premium to their carrying value as at 31 March 2014). Since November 2012, VNL has been focused on asset realisation and the sale proceeds are to be deployed both as part of the share repurchase programme and to cover operating costs.

Leave a Reply

Your email address will not be published. Required fields are marked *

Please review our cookie, privacy & data protection and terms and conditions policies and, if you accept, please select your place of residence and whether you are a private or professional investor.

You live in…

You are a…