(SAIGON, VIETNAM) -- With a war chest estimated at over $1 billion, Saigontourist is scouting for 200-room-plus hotels in city centers that will make it a name player in the international lodging industry.
The company already has contracted to purchase the 252-room Fisherman's Wharf in San Francisco. That deal is expected to close by year end for $44 million or $174,603 per room. The price has been discounted from the listed price of $55 million.
Saigontourist also has purchase contracts for hotels in Tokyo, Berlin, Hong Kong and Moscow.