Masterise Homes and Marriott International announced on October 5 the signing of an agreement for The Ritz-Carlton Residences at The Grand, a standalone luxury branded residential project that marks the debut of the Ritz-Carlton brand in Vietnam and slated to open in late 2023.

The Ritz-Carlton Residences at The Grand will be situated in the heart of the prestigious Hoan Kiem district, along popular Hang Bai Street and near Hoan Kiem Lake, one of the city’s most beloved landmarks. The anticipated 104-unit branded residences will feature one-bedroom Premier, two-bedroom Classic, and three-bedroom Presidential residences, to suit each resident’s needs and preferences.

The agreement leverages on the long-term strategic partnership between Masterise Homes and Marriott International, combining the expertise of a pioneer in luxury real estate products and services in Vietnam and a global hotel management company and owner of the Ritz-Carlton brand. The project features award-winning architects, designers, and project management consultants. Once completed, the residences will be the country’s first Ritz-Carlton Residences and the fifth in Asia-Pacific, following those in Singapore, Bangkok (Thailand), Colombo (Sri Lanka), and Kuala Lumpur (Malaysia).

Masterise Homes and Marriott International officially signed an agreement to introduce The Ritz-Carlton Residences to Hanoi, marking the debut of The Ritz-Carlton brand in Vietnam.

On this occasion, Mr. Jason Turnbull, Deputy Managing Director and CFO of Masterise Homes, said The Ritz-Carlton Residences at The Grand is an ultra-luxury development set to offer an enduring legacy for residents and expected to be a masterpiece that matches the beauty of the façade’s classical architecture and modern design combined with the legendary service of The Ritz-Carlton. “We are proud to introduce The Ritz-Carlton brand and a new luxury lifestyle to Vietnam,” he added. “This project expects to change how we look at ultra-luxury living and elevate Vietnam’s position on the global real estate map.”

In line with the long-standing tradition of service excellence synonymous with The Ritz-Carlton brand, homeowners will be able to enjoy world-class amenities complemented by the legendary service from the ladies and gentlemen of The Residences. Its prominent location offers the best of the city within close proximity and allows residents to enjoy the vibrancy of the Old Quarter and return to the comfort and privacy of their residence in mere minutes.

“We are thrilled to continue working with Masterise Homes to amplify our luxury presence in Vietnam with the signing of The Ritz-Carlton Residences at The Grand in Hanoi - embracing the growing demand for branded living in this burgeoning cosmopolitan city,” said Mr. Rajeev Menon, President, Asia Pacific (excluding China), at Marriott International. “Vietnam is a dynamic market and we look forward to bringing the brand’s refined style and legendary services to residents in Vietnam.”

The Ritz-Carlton Residences at The Grand is the second Marriott branded residences in Vietnam, following the milestone dual-branded Grand Marina, Saigon announced earlier this year, which is under two brands within the Marriot Bonvoy portfolio - JW Marriott and Marriott Hotels.

The Ritz-Carlton Residences at The Grand are not owned, developed or sold by Marriott International or its affiliates. Masterise Homes uses The Ritz-Carlton trademarks under a license from Marriott, which has not confirmed the accuracy of any of the statements or representations made herein.