The plot of land, over 6,000 m², previously the site of the Sông Nhuệ hotel, has been listed for commercial housing development in Hanoi. Sông Nhuệ Tourism Hotel Joint Stock Company plans to implement a multifunctional high-rise project named Oriental Legend Ha Dong, with an estimated investment of over 2,400 billion VND, to be executed from 2025 to 2030. The project’s location, on Trần Phú street, is considered advantageous, being close to Văn Quán station of metro line 2A. The company, represented by Nguyễn Thúy Loan, primarily operates in short-term lodging services and is affiliated with Southeast Asia Commercial Joint Stock Bank (SeABank), holding 111.6 million SSB shares (3.924%). The hotel site is in severe disrepair, with peeling walls and broken glass, though some areas have been leased, including the section adjacent to Thanh Bình street used by SeABank.
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