Hotel Okura Signs with Saigon Trading Group to Develop and Manage The Okura Prestige Salon in Vietnam

Hotel Okura | December 12, 2016

TOKYO--Hotel Okura Co., Ltd. announced today that it has agreed with the Saigon Trading Group (SATRA) to develop and manage The Okura Prestige Saigon, the Okura Prestige brand's first property in Vietnam, which will open in Ho Chi Minh City in 2020. The move is part of an ambitious undertaking by Hotel Okura, whose subsidiary Okura Nikko Hotel Management Co., Ltd. operates Okura Hotels & Resorts, Nikko Hotels International and Hotel JAL City, to expand its global portfolio to 100 properties, primarily in Asia, by 2020. Hotel Okura's President Toshihiro Ogita said: "We are focusing on hotel development in Vietnam because of its stabl...