Ascott Partners with Huu Toan Corporation to Debut Citadines Brand in Can Tho, Vietnam's Mekong Delta Hub
The Ascott Limited (Ascott), the lodging business unit wholly owned by CapitaLand Investment (CLI), has secured a management contract for Citadines Riverside Can Tho, a landmark hospitality development in Vietnam's Mekong Delta region. The partnership with Huu Toan Corporation - a prominent Vietnamese energy solutions provider - represents several firsts: Ascott's inaugural collaboration with the energy giant, the Citadines brand's entry into Can Tho, and Huu Toan Corporation's debut hospitality venture. The greenfield project strengthens Ascott's Vietnamese footprint, bringing the company's total portfolio in the country to 38 properties across operational and pipeline developments. Located in the heart of the Mekong Delta, the property positions both partners to capitalise on the region's growing tourism and business travel markets.