INTERNATIONAL REPORT—Hotel activity is on the rise in Southeast Asia with two signings in Vietnam and an opening in Cambodia.
IHG expands Crowne Plaza brand in Central Vietnam
InterContinental Hotels Group (IHG) has signed a management agreement with Minh Dong Travel Service and Trading Company Limited—a member of PGT Group—to open the second Crowne Plaza in Danang, Vietnam.
The 300-room Crowne Plaza Danang Waterfront will welcome guests in 2023. The 38-story hotel is located next to the beachfront on the city’s main thoroughfare Vo Nguyen Giap street, and a five-minute drive to central Danang.
Marriott International Signs Milestone Branded Residential Project
Marriott International, Inc. has signed an agreement with Vietnam-based real estate firm Masterise Homes to develop a dual-branded residential and officetel project in Ho Chi Minh City.
According to the Savills International Development Consultancy, the agreement marks the largest hotel-branded residential project announced to date worldwide, with close to 4,200 residential and officetel units. The project is anticipated to include branded units from two Marriott International brands—JW Marriott and Marriott Hotels. Expected to open in late 2024, the project will play a key part of an integrated mixed-use complex slated to include residential, office and commercial units.
Hyatt Regency Phnom Pehn Opens in Cambodia
Hyatt Regency Phnom Penh, the first Hyatt hotel in the Cambodian capital and the second Hyatt hotel operating in Cambodia, has opened.
The 247-room property is the largest hotel from a global brand in the city and is located in the heart of the cultural and business district of Doun Penh, which is a 30-minute drive from the airport and within walking distance to the Royal Palace, National Museum and the riverside.