IHG Hotels & Resorts and Sun Hospitality Group have just announced a partnership agreement to invest in 4 hotels and resorts with total of 2,709 rooms in Vietnam.
The agreement between the two groups includes the development of the Holiday Inn Resort Yoko Park Onsen with 616 rooms in Quang Ninh. This will be the first large-scale hot spring resort in Vietnam, expanding on the existing Yoko Onsen Quang Hanh Resort.
In addition, IHG will develop three new hotels on Ba Na Hills (Danang) including Crowne Plaza Danang Ba Na Hills with 602 rooms, Holiday Inn Resort Danang Ba Na Hills with 843 rooms and voco Danang Ba Na Hills with 648 room.
With this agreement, IHG will become one of the largest international hotel operators in Quang Ninh with 3 properties under the brands Holiday Inn and InterContinental. The group also is a market leader in Da Nang with 7 hotels.
Vietnam continues to be a strong growth market for IHG, with 14 hotels under 4 brands of Six Senses, InterContinental, Crowne Plaza, Holiday Inn and 15 properties in its pipeline.
Exterior View of Ba Na Hills Entertainment Complex (Phase Two)
Serena Lim, Vice President, Development, South East Asia and Korea, IHG said: “We’ve always had a fantastic relationship with Sun Group and are delighted to extend it by working with them on these two fantastic destination resort projects. Creating new tourism concepts and assets such as these really showcases the pioneering spirit that is such a great part of our culture and ethos at IHG.
“This marquee portfolio deal is aligned with our plan to grow our estate in Vietnam across all brands. As we work through the recovery, we know that domestic leisure business will be a strong driver of growth in the country. We’re looking to develop a range of destination resort and family-friendly destinations across Vietnam.
Nguyen Vu Quynh Anh, Chief Executive Officer, Sun Hospitality Group, said: “We are strengthening our strategic partnership with IHG who share our vision of promoting the beauty of Vietnam to the world through sustainable and world-class tourism destination concepts. This is part of our masterplan to build ecosystems that spur tourism and commercial development for the country.