Development Pipeline Scheduled for 2029

Oakwood Premier Hallbridge Hanoi

Ascott to Debut Oakwood Premier in Vietnam with Signing of Oakwood Premier Hallbridge Hanoi

The Ascott Limited (Ascott), a Singapore-headquartered global hospitality company wholly owned by CapitaLand Investment (CLI), has signed a hotel management agreement with DETECH Group to launch Oakwood Premier Hallbridge Hanoi, marking the beginning of a strategic partnership between the two companies as well as the introduction of the Oakwood Premier brand to Vietnam’s capital city.

The addition of Oakwood Premier Hallbridge Hanoi will grow Ascott’s portfolio in Vietnam to 45 properties, bringing its total inventory to more than 12,300 units across operational and pipeline developments nationwide. The signing reinforces Ascott’s position as the leading serviced residence operator in Vietnam while reflecting both companies’ commitment to developing quality hospitality destinations that support the country’s continued economic and tourism growth.

With growing owner interest in Ascott’s portfolio of brands within the market, the signing also marks the start of Ascott’s partnership with DETECH Group, a diversified Vietnamese conglomerate with interests spanning manufacturing, real estate, technology, education, healthcare and consumer businesses. As the developer of Oakwood Premier Hallbridge Hanoi, DETECH Group brings strong financial capabilities and extensive development expertise, establishing a solid foundation for a long-term collaboration between the two companies.