Boutique shophouses – a real estate model combining mini hotels and shophouses - have been developing in Vietnam in recent years (Source: vtc.vn) Hanoi (VNA) – The increasing numbers ofvisitor to northeastern Quang Ninh province’s Ha Long city in recent yearscreates excellent opportunities for investment deals, especially in boutiqueshophouses – a real estate model combining mini hotels and shophouses.
Bai Chay, a tourism zone in Ha Long, isattracting real estate investors due to its clean and beautiful beaches. It ishome to the Sun World entertainment complex and the hi-end Sun Premier Villageresort.
With a floor area of 100 square metres, a shophouseis only suitable for opening a restaurant, café or clothes shop.
Meanwhile, a boutique shophouse with more floorarea is multi-functional and can be utilised as mini hotels, bars, leisurefacilities, restaurants, spa or beauty salons.
Another plus point of boutique shophouses aretheir prime location along the Ha Long road and special design for commercialsmall hotels.
With an area of 632-900 square meters, each boutiqueshophouse can have up to 21 rooms, allowing owners to enter the mini hotelbusiness without additional renovation costs.
Owners of boutique shophouses will also getlong-term ownership certificates.
The boutique hotel and shophouse model emerged inthe 1990s in major cities around the world, including Paris, London, New Yorkand San Francisco, and has flourished in Asian tourist resorts in the 2000s.
It is fast becoming an attractive investmentoption in Vietnam even though it has only emerged in the country in recentyears.
With stunning landscapes, clear turquoise seaand spectacular limestone pillars together with tourism investment projects,Quang Ninh boasts huge potential to develop tourism.
The province has a coastline of more than 250kilometres and 2,000 islets, two-thirds of the total in Vietnam. Thespectacular stretch of coast connects the UNESCO-recognised World Heritage Siteof Ha Long Bay with majestic natural scenery, Bai Tu Long Bay, Van Don and CoTo islands and Tra Co beach with Cat Ba National Park in the northern port cityof Hai Phong.
Along with the renowned Ha Long Bay, Quan Lan,Minh Chau, Ngoc Vung, Dai beaches and inVan Don island district and Tra Co and Vinh Thuc in Mong Cai city have grown instature among tourists thanks to their breathtaking sea and coral reef.
In 2017, Quang Ninh welcomed almost 10 milliontourists, over 4 million of whom were foreigners. The province aims to attractmore than 12 million visitors this year, including 5 million foreigners.
By 2020, Quang Ninh aims to welcome between 15-16million tourists, including 7 million foreigners, and rake in 30-40 trillionVND (1.3-1.7 billion USD) in revenue. The tourism sector is expected tocontribute 14-15 percent to the gross regional domestic product.-VNA
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