IHG Hotels & Resorts has announced a four-hotel, 2,709 room
portfolio deal in Vietnam with strategic partner Sun Hospitality Group, a
tourism-focused real estate developer. This partnership follows from
the success of InterContinental Danang Sun Peninsula Resort.
Under this agreement, the two companies will build Vietnam’s first
large-scale onsen destination resort in Quang Ninh. The 616-room Holiday
Inn Resort Yoko Park Onsen will be an expansion of the existing Yoko
Onsen Quang Hanh Resort.
Three other hotels will be built as part of the ongoing development
of Ba Na Hills in the mountains of Danang. The 602-room Crowne Plaza
Danang Ba Na Hills, 843-room Holiday Inn Resort Danang Ba Na Hills, and
648-room voco Danang Ba Na Hills will add to IHG’s portfolio of seven
hotels in Danang.
“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,” said Serena Lim, vice
president of development, South East Asia and Korea, IHG.
“Quang Ninh Province is already famous for Halong Bay, and it will
now offer a new wellness experience with Holiday Inn Resort Yoko Park
Onsen. As the first large-scale hot spring resort in Vietnam, it will
appeal to guests seeking drive-to and natural destinations to visit and
explore,” said Nguyen Vu Quynh Anh, CEO, Sun Hospitality Group.
He added, “Following the success of the Ba Na Hills entertainment
complex, we will introduce phase two of our expansion plan where all
three new hotels will be managed by IHG. IHG’s three brands complement
the myriad of activities that we will be adding as part of this
expansion – from an amphitheatre, unique gardens and a retail podium for
Vietnam is a strong growth market for IHG, with 14 hotels across four
brands: Six Senses, InterContinental, Crowne Plaza and Holiday Inn.
There are 15 properties in its pipeline.