Hyatt expands Vietnam footprint with island resort

The Unbound Collection by Hyatt resort is located in Vietnam’s largest island, Phu Quoc. Photo credit: Hyatt Hotels Corp.

Hyatt Hotels Corp. has added the Nam Nghi Phu Quoc hotel to The Unbound Collection by Hyatt. The 114-room resort marks the first Southeast Asian property for the soft brand. 

The resort is located on Vietnam’s largest island, Phu Quoc. Half of the island is within the confines of the country's national park and UNESCO World Heritage-designated Kien Giang Biosphere Reserve, one of the largest such reserves in Southeast Asia. The reserve covers an extensive area of tropical rain forests, coral reefs and wetlands and is home to hundreds of species of plants and wild animals.

Public spaces include four dining venues, the An Mai Spa, an outdoor pool and an indoor fitness center.

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This is the second Hyatt-branded property announced for Phu Quoc island in as many weeks. In March, affiliates of Hyatt Hotels Corp.and BIM Group agreed to develop a 110-room Park Hyatt Phu Quoc hotel, as well as 65 residences. Slated to open in 2022, the hotel will be the brand’s first resort in Vietnam.

In addition, an affiliate of Ben Thanh Holdings entered into a management agreement with Hyatt to develop a Hyatt Place in Ho Chi Minh City. The 200-room Hyatt Place Saigon Phu Nhuan will mark that brand's launch in Vietnam.

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Ground rent or ground lease deals have been moving into the mainstream with great effect at companies such as PPHE Hotel Group.

DTZ Investors has purchased the property along with other real estate for more than £70 million.