IHG Signs 4-Hotel, 2,709-Room Deal in Vietnam

(07 Jan 2022)  IHG has signed a four-hotel, 2,709-room portfolio deal in Vietnam with long-standing partner Sun Hospitality Group (a member of Sun Group).

The deal follows the success of the InterContinental Danang Sun Peninsula Resort, with the companies extending their partnership across two integrated development projects that will open in 2026.

The multi-property agreement includes the 616-room Holiday Inn Resort Yoko Park Onsen in Quang Ninh Province – the first large-scale hot spring resort in Vietnam, expanding on the existing Yoko Onsen Quang Hanh Resort.

Ba Na Hills, Vietnam

Three hotels highlighting the breadth of IHG’s brand portfolio will also 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.

This agreement will make IHG one of the largest international hotel operators in Quang Ninh province, with three properties across its Holiday Inn and InterContinental brands, and seven hotels in Danang.

Nguyen Vu Quynh Anh, Chief Executive Officer, Sun Hospitality Group, said, “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.

“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 retail podium for visitors. We’re confident that IHG’s global wealth of experience and differentiated brand portfolio will enable us to maintain our accolade as the top tourist resort and theme park attraction in Vietnam.”

IHG currently operates 14 hotels in Vietnam across four brands, Six Senses, InterContinental, Crowne Plaza, and Holiday Inn, and 15 properties in its pipeline.

Alongside recently opened Crowne Plaza Phu Quoc Starbay, IHG will debut new brands with Regent Phu Quoc and voco Ma Belle Danang as part of the company’s aim to grow its estate across all brands in the country.

 “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, Development, South East Asia and Korea, IHG. “We are extremely proud of being a part of Ba Na Hills – one of the top theme park attractions in the cooling highlands of Danang, and are already looking forward to further opportunities to collaborate with Sun Group and introduce more of our much-loved brands in new and exciting locations in the country.”