Asian Coast Development (Canada) Ltd. (ACDL) is an international development company specializing in integrated resort destinations. ACDL, through its wholly-owned subsidiary Ho Tram Project Company Ltd, is the developer of the Ho Tram Strip, a group of integrated resorts to be located on more than 400 acres of land and more than two kilometers of pristine beach in Ho Tram, and approved in an Investment Certificate issued by the Government of Vietnam.
The first resort will be Vietnam's first large scale integrated resort and ultimately will include an 1,100-room, five-star hotel, a world-class entertainment facility, restaurants, high-tech meeting space, an exclusive VIP area, a championship golf course, as well as a variety of beach-front recreation activities. Phase I of this development is under construction and is scheduled to open in 2013.
In August 2011, Pinnacle Entertainment Inc. acquired a 26% ownership stake in ACDL in exchange for a $95 million investment in ACDL. In addition, Pinnacle entered into a management agreement to manage and operate the second of ACDLís five resorts.