Top News IHG signs four-hotel deal in Vietnam By TTG Asia / Posted on 6 January, 2022 13:08 IHG Hotels & Resorts has sealed a four-hotel, 2,709-room portfolio deal in Vietnam with long-standing partner Sun Hospitality Group. Following their collaboration on the InterContinental Danang Sun Peninsula Resort, the companies will extend their partnership across two integrated development projects that will open in 2026. Three IHG branded hotels to open as part of the Ba Na Hills entertainment complex in Danang 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. Three hotels 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. Serena Lim, vice president, development, South East Asia and Korea, IHG, said: “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, CEO, 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.” She 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 retail podium for visitors.” Vietnam continues to be a strong growth market for IHG, with 14 hotels across four brands, and 15 properties in its pipeline.