The Vientiane Investment Development Company has been the investor behind the Royal Square Complex since 2017. This complex encompasses office rentals, retail stores, as well as IHG’s Crowne Plaza and Holiday Inn hotels. Situated in a prime central location near the beautiful Mekong River, it is surrounded by a range of amenities, including government buildings, embassies, apartments, and department stores. Moreover, its proximity to the airport adds to its convenience. The complex boasts a contemporary design and offers international-standard services, comprising hotels, meeting rooms, conference facilities, restaurants, and various office spaces available for rent. It caters to both domestic and international organizations and companies seeking a professional environment to provide excellent customer services effortlessly.
Building a Better Future Together
The Vientiane Investment Development Company is a limited liability joint venture established by the General Directorate of Public Administration and the BIM Group of the Republic of Vietnam.
The initial phase of the project involved the establishment of a 5-star international standard hotel, Crowne Plaza, comprising 198 rooms, and operated by the renowned InterContinental Hotels Group. The Royal Square Office is also available for lease.
– In 2012, a joint venture agreement was signed to commence construction of the 5-star hotel.
– Construction began in 2011 with the laying of stone pillars.
– Investment documents were finalized between 2011 and 2013.
– From 2013 to 2016, Phase 1 of the investment project included the construction of Crowne Plaza Vientiane and Royal Square Office.
– The official opening ceremony took place in 2017, marking the debut of Crowne Plaza Vientiane Hotel and Royal Square Office.
Phase 2 of the project includes the development of Royal Square A and the Holiday Inn Hotel. The Holiday Inn Hotel, part of IHG Group’s renowned hotel brand portfolio, offers 275 rooms. Additionally, there is 12,345 sqm of rentable space, with 10,000 sqm allocated for office leasing and 2,372 sqm for commercial use. Basic infrastructure for the project is complete, with ongoing expansion of interior decoration, electrical systems, elevators, aluminum glass installation, painting, and more. Phase 2 is anticipated to be finalized in the first quarter of 2024.
