IHG Hotels & Resorts seals two-hotel deal in Quang Binh, Vietnam

Ho Chi Minh City, Vietnam - 23 August 2024:IHG Hotels & Resorts (IHG), one of the world's leading hotel companies, today announces a two-hotel deal with Hai Thanh Hung Investment Joint Stock Company and Vietnam Royal Investment and Construction Co., Ltd (VRIC) in Quang Binh province.

The multiple property agreement includes 68-villa property voco Quang Binh Resort and 232-room Crowne Plaza Quang Binh City Centre.

voco hotels, IHG's fastest growing premium brand, will welcome guests next year as voco Quang Binh Resort joins voco Ma Belle Danang in Vietnam which is quickly becoming a popular choice for leisure and business guests.

Opening in late 2025, Crowne Plaza Quang Binh City Centre will continue to showcase the premium brand's blended travel experience in Vietnam, following the openings of Crowne Plaza Phu Quoc Starbay and Crowne Plaza Vinh Yen City Centre.

The two-hotel agreement marks IHG's entry into Quang Binh, a province rich in natural beauty, cultural heritage, beautiful beaches, and historical significance. It is home to many famed attractions including Phong Nha - Ke Bang National Park, a UNESCO Heritage Site with one of the largest karst regions globally.

Chris Anklin, Senior Director, Development, South East Asia and Korea, IHG Hotels & Resorts said: "It is wonderful to be expanding into Quang Binh - an exciting new destination for IHG in Vietnam. Creating new tourism experiences together with our partners perfectly showcases our intention to have hotels in the right locations with the right owners.

"We continue to grow in Vietnam and will more than double our size in the next few years to more than 40 hotels across the country. Crowne Plaza Quang Binh City Centre, centrally located in the city centre will offer purposeful spaces for work and leisure that appeal to the modern traveller while voco Quang Binh Resort with its thoughtful, unstuffy and charming experience will become a leading beachfront resort in the area. This destination debut will strengthen the presence of our brand portfolio in Vietnam, offering stay experiences for every type of traveller."

Thang Hoang, CEO, Hai Thanh Hung Investment Joint Stock Company and Vietnam Royal Investment and Construction Co., Ltd said: "We have found the perfect partner in IHG, which is providing us with great value through its global expertise and systems, knowledge of new-builds and conversions, and a strong team with expert knowledge of second and third tier destinations in Vietnam.

"Quang Binh has traditionally been a domestic-led destination with a great opportunity for growth. Its magnificent beauty includes Son Doong Cave - the largest cave in the world and home to towering stalagmites - underground rivers, a jungle with wildlife, and a 116-kilometre-long coastline with picturesque beaches such as Nhat Le and Da Nhay. The entry of voco hotels and Crowne Plaza Hotels & Resorts in Quang Binh will elevate the attraction of the destination for travellers to stay and explore its many wonders."

Crowne Plaza Quang Binh City Centre will be situated within Royal Landmark, a mixed-used development that includes a commercial centre. It is a 15-minute drive from Dong Hoi Airport and a 45-minute flight from Hanoi Noi Bai International Airport and will also be within easy reach of Tan Son Nhat International Airport.

With a prime riverfront location situated close to government and commercial offices in Dong Hoi, facilities at the hotel will include four restaurants and bars, meeting spaces, swimming pool, fitness centre, spa, Kids Club and an executive lounge.

voco Quang Binh Resort will offer travellers a private beach with beautiful sea views and facilities including two restaurants and bars, indoor and outdoor swimming pools, Kids Club, spa and resort centre.

Vietnam continues to be a strong growth market for IHG, with 18 hotels across six brands - Six Senses Hotels Resorts Spas, Regent Hotels & Resorts, InterContinental Hotels & Resorts, Crowne Plaza Hotels & Resorts, voco hotels and Holiday Inn Hotels & Resorts - and 26 properties in its pipeline. The company aims to grow its estate across all brands in the country, including the upcoming debuts of its Vignette Collection, Hotel Indigo and Holiday Inn Express brands.

As of 30 June 2024