Hanoi Daewoo Hotel is a modern five-star hotel, part of the Daeha Business Centre Complex, which also consists of a 15-storey apartment building and an 15-storey office tower.
The Daeha Business Centre is a joint venture with a total investment of 177 million dollars between the South Korean industrial giant Daewoo and the state-run Hanoi Electronic Company (Hanel). The joint venture was signed on a 38-year term. The Korean partner holds a 70-percent stake while the Vietnamese contributes the rest.
The construction of the project began in December 1993 and the complex, including the hotel, was brought into operation in April 1996, six months ahead of the plan. Since April 1997, the hotel has been accepted as a member of the Leading Hotels of the World, a hotel chain that includes 312 deluxe hotels around the world.