The Grand Ho Tram Strip
Confidential Acquisition Memorandum · May 2026

The Grand
Ho Tram Strip

Ba Ria — Vung Tau, Vietnam

A fully operational, government-licensed integrated resort — offered below the cost of a single Vietnamese casino license.

Review Documents The Opportunity
Prepared by BloomBridge Trust
~1,100
Hotel Keys
5-star, operational
90+
Live Tables
~440 active machines
2,000
MICE Capacity
Grand Ballroom · 1,250 m²
18
Golf Holes
Greg Norman · Top-100
2 km
Private Beach
~164 ha master plan
The Opportunity, In One Line

Acquire a multi-billion-dollar integrated resort & casino for less than the price of the license alone.

The Asset

~164 ha master plan with 2 km of private beachfront, two operating five-star hotels (~1,100 keys), a 5,000 m² Las Vegas-style casino, the Greg Norman–designed Bluffs golf course, a 2,000-guest convention center, and a complete leisure ecosystem.

The Situation

A distressed ownership situation has accelerated the seller's timeline. The full portfolio is being marketed as a single, government-approved transfer.

The Ask

Indicative <US$750M for an enterprise estimated at US$1.5B – $3B+, against ~$2B+ already deployed and a master plan of $4.2B.

The Asset

A complete, operating integrated resort —
built, branded, and running today.

Twin towers at the resort
Hospitality

Two flagship five-star hotels

InterContinental Grand Ho Tram (~541 keys, opened 2013) and Holiday Inn Resort Ho Tram Beach (~559 keys, opened 2022) — both on long-term operating agreements with global brands.

Casino floor
Gaming

Licensed Las Vegas-style casino

5,000 m² floor, 90+ tables, ~500 machines (~440 active). One of only a handful of integrated casinos legally operating in Vietnam. Expandable to 180 tables and 2,000 machines.

Bluffs golf course
Golf

The Bluffs — a Greg Norman signature

18 holes, par 71, 54 ha of cliffside dunes on the South China Sea. Ranked #35 Top 100 Worldwide (Golf Digest, 2018) and World's Best New Course 2015. Hosted PGA Asian Tour.

Grand ballroom
MICE & Leisure

Conventions, dining, and beach leisure

2,200 m² convention center (Grand Ballroom 1,250 m², 2,000-guest capacity), 17+ restaurants & bars, 9 outdoor pools, beta cinemas, Roxy nightclub, and a 2 km private beachfront.

The Numbers

The asking price is below the floor of estimated enterprise value — and below the cost of the license alone.

Master Plan Total Value
≈ $4.2 B
Capital Deployed to Date
$1.3 – $2 B+
Estimated Enterprise Value
$1.5 – $3 B+
Single Casino License (VN)
≈ $1 B
Indicative Asking Price
< $750 M

Bar lengths illustrative, sized for visual comparison. Enterprise and deployed-capital ranges per seller-supplied data; final values to be confirmed in diligence.

Why Now

A distressed ownership situation has compressed the timeline.

Principal shareholder is rallying assets ahead of an unrelated personal legal matter. The portfolio is intact, government-approved, and being marketed as a single transfer rather than disassembled. The pricing reflects time-to-close — not the quality, license, or operating performance of the asset.

Buyer Window — Weeks, Not Quarters
Ownership posture

Motivated. Cash-priority over price-maximization.

Asset posture

Fully operational · Permits intact · No fire-sale break-up.

Government posture

Transfer is government-approved. Continuity of license under qualified successor.

Market posture

Off-market. Limited buyer set. No public auction.

Confidential Materials

Supporting documents.

The full Acquisition Memorandum, the printable PDF, and the BloomBridge × Indo Trust Vietnam Strategic JV Framework. Confidential — for invited counterparties only.

Interactive Deck
The Grand Ho Tram Strip — Acquisition Memorandum
21 slides · 1920×1080 · keyboard navigable
Open deck →
PDF Memorandum
The Grand Ho Tram Strip — Acquisition Memorandum
126 pages · 12.3 MB · printable
Open PDF →
One-Pager
The Grand Ho Tram Strip — At a Glance
Single-page infographic · Print → Save as PDF
Open one-pager →

All materials are confidential. Distribution is restricted to invited strategic and financial buyers under NDA. Final valuation, license-continuity, and online-gaming scope to be confirmed during diligence.

Confidential — for Discussion

Let's get this in front of our network
— and the team in Bangkok.

Next: Introduction to Seller's Advisor
Buyer-Side · Deal Lead
John Lee · Yohai Gild · Greg Tsigounis
BloomBridge Trust
greg@bloombridge.xyz · +40 799 443 326
Seller's Advisor
Tommy
Indo Trust
Introduction available under NDA