Hue to auction land for 5-star hotel complex

Hue City plans to auction land rights for a site exceeding 7,000 square meters located at 8-10 Phan Boi Chau and 17 Nguyen Van Linh in Huong An ward. The auction features a starting price of over 281 billion VND for a 50-year lease, excluding taxes and fees.

The project is intended to develop a 4-to-5-star commercial and hospitality complex with a capacity of 80 to 100 rooms, including entertainment and leisure services. The proposed development allows for a building height of up to 44 meters across 2 to 11 floors, with at least three basement levels and a construction density not exceeding 70%.

The total estimated investment for the project is expected to exceed 770 billion VND, excluding land lease costs and assets attached to the land. The winning bidder must commence construction within 12 months and begin operations no later than 36 months after the land is assigned. The site currently contains former office buildings of the Department of Transport and Road Joint Stock Company 1 Thua Thien Hue, which will be sold to the successful bidder.