Intercontinental Hotel Group (IHG) is continuing its Vietnam expansion after forming a four-hotel, 2709-room portfolio deal with Vietnam real estate developer Sun Hospitality Group, across two upcoming integrated resorts.
The multi-property agreement includes a 616-room Holiday Inn Resort Yoko Park Onsen in Quang Ninh Province, the first large scale hot spring resort in Vietnam.
Three hotels will also be built as part of the ongoing development of Ba Na Hills in Danang, known as Crown Plaza Danang Ba Na Hills, an 843-room Holiday Inn Resort Ba Na Hills and a 648 room voco Danang Ba Na Hills.
The agreement will make IHG one of the largest international hotel operators in Quang Ninh Province, an area that is home to Royal Ha Long Bay Casino and Sun Group’s upcoming Van Don IR, which will allow locals to gamble through the country’s domestic-gambler pilot program.
The new announcement comes only days after IHG announced the imminent opening of its new Holiday Inn Resort hotel tower at the Intercontinental Grand Ho Tram.