Settha Palace hotel in Vientiane is also developed by Belmont Hotel Investments (Laos) Ltd
(KPL) Luang Prabang province and the Belmont Hotel Investments (Laos) Ltd signed last Friday in the province an agreement on a 50-year land concession for the company to develop a hotel on Mount Makba at Phanom village, Luang Prabang district.
The signatories to the document were Mr. Bounkhong Phothitay, Deputy Head of Luang Prabang Provincial Land Management Authority, and Mr. Billy Theodas, President of the Belmont Hotel Investments ( Laos). Relevant officials of both sides witnessed the signing.
The construction is expected to be over within three years on Mount Makba on over seven hectares of land to accommodate the expected flow of tourists into the province.
According to the agreement, the investor will develop and operate its hotel for 50 years as of 2010 and could extend the agreement for another 25-year term with the payment of an annual rent of US$17,655 to the province.
News text from KP, Thanks...
 Ltd (KPL) Luang Prabang province and the Belmont Hote...){kind=link}
Hello We are OddThemes, Our name came from the fact that we are UNIQUE. We specialize in designing premium looking fully customizable highly responsive blogger templates. We at OddThemes do carry a philosophy that: Nothing Is Impossible
0 comments