Marriott International and Masterise Group are set to develop four hotels and one branded residence in Vietnam, adding close to 1,900 keys to Marriott’s national portfolio. The agreement introduces a range of Marriott brands across Vietnam’s key urban, economic and leisure destinations.
As of 3Q2025, Marriott operates 29 properties across Vietnam, with more than 30 additional hotels in the pipeline. Masterise Group continues to expand its portfolio across real estate, hospitality and infrastructure projects in partnership with government stakeholders.
The flagship developments will be located in Ho Chi Minh City, including The Ritz-Carlton, Saigon and The Ritz-Carlton Residences, Saigon, marking the brand’s debut in the city. In Can Gio, a coastal district near Ho Chi Minh City, a dual-branded eco-focused resort complex will include JW Marriott and Four Points by Sheraton hotels as part of the wider Can Gio Coastal Urban Tourism Area.
In Hanoi, the agreement includes the city’s first Marriott Hotel. The Co Loa Marriott Hotel is under construction next to the National Exhibition & Convention Center, approximately 13km from the city centre. The 494-key property is designed to serve business travellers and the meetings and events market, with four dining venues, leisure facilities and around 3,000m² of function space.
The JW Marriott Hotel Saigon Can Gio and Four Points by Sheraton Saigon, Can Gio will form part of the 2,870-hectare Can Gio Coastal Urban Tourism Area, which is expected to attract up to nine million visitors annually. The dual-branded development is planned to offer a combined 780 keys, along with meeting facilities, leisure amenities and a range of dining options.
The Ritz-Carlton, Saigon is planned to feature 231 hotel rooms, alongside a separate tower with 420 branded residences, located in District One, the city’s central commercial area.
Gautam Bhandari, chief development officer, Asia Pacific excluding China, Marriott International, said: “Our collaboration with Masterise Group is founded on a shared vision and a long-term commitment to excellence. Through this multi-property agreement, we hope to create destinations that deliver memorable and meaningful experiences for domestic and international travellers alike.”
Nelly Phuong Ta, head of hospitality & entertainment, Masterise Group, added: “Each project will be master planned with a vision to harmoniously integrate heritage and community, aligning with the global shift toward cultural and experiential tourism. Our expansion into the hospitality and resort sector represents a strategic milestone in Masterise Group’s journey to build a fully integrated real estate ecosystem, underscoring our long-term commitment to advancing Vietnam’s position as a premier global destination.”
