Hyatt plans mixed-use resort in Vietnam

Slated to open in 2022, the Park Hyatt Phu Quoc will be the brand’s first resort in Vietnam. Photo credit: Hyatt Hotels Corp.

An affiliate of Hyatt Hotels Corp. has entered into an agreement with an affiliate of BIM Group 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.

Public spaces will include two dining outlets, a bar, a poolside barbecue, two swimming pools, a lakeside spa, a gym house with a lap pool, a Camp Hyatt kids’ village, more than 4,300 square feet of event space and an organic farm.

FREE DAILY NEWSLETTER

Like this story? Subscribe to IHIF!

The hospitality industry turns to IHIF International Hotel Investment News as the must-read source for investment and development coverage worldwide. Sign up today to get inside the deal with the latest transactions, openings, financing, and more delivered to your inbox and read on the go.

Situated on the southwestern tip of Phu Quoc Island, the development will cover 160 acres bordered by a mile-long white sand beach on one side and hills on the other. The hotel will be a 30-minute drive from Phu Quoc International Airport, with direct access via the main North-South highway, and 40 minutes from Duong Dong, the island’s main town.

Phu Quoc is Vietnam’s largest island. Half the island is within the confines of the national park and UNESCO World Heritage-designated Kien Giang Biosphere Reserve, one of the largest biosphere 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.

Suggested Articles

The Dallas-based company has added six Caribbean resorts to its portfolio. 

Hotels in Brazil recorded 4.7 percent RevPAR growth in 2018 after three years of decline and the signs are positive for at least the next year.

The Holiday Inn Dehradun Mussoorie Diversion Road is slated to open in 2023.