[1] Bon Hoa was one of the richest business men in southern Vietnam at the time.

In 1948, Mathieu Franchini, head of the Indochina Tourism & Exhibition Department bought the ground and first floors of the hotel and rented 44 rooms in the building for the next 30 years.

The hotel was expanded in 1965; two more stories were added based on the design of Vietnamese architect Ngo Viet Thu.

It was recently renamed again to the original name, the six storey building is now a 5 star hotel overlooking the Bạch Đằng Quay and Saigon River.

Saigon Tourist announced a 1.9 trillion VND expansion project of the Majestic Hotel in July 2011.