Mandarin Oriental Hotel Group will manage a new hotel in Ho Chi Minh City in Vietnam, slated to open in 2020.
The Mandarin Oriental, Saigon will be part of the Union Square Saigon commercial building in the center of the city. The building, which is currently undergoing renovations, will also have international retail outlets.
The hotel will be on the upper floors of Union Square Company's mixed-use complex with 227 guestrooms and suites. “With its exceptional design, locale, history and culture, Union Square Saigon is destined to become a landmark destination. We are delighted to welcome Mandarin Oriental to this project, which will not only raise the level of luxury hospitality in the city, but will also increase awareness of Vietnam internationally,” Jonathan Au, general director of Union Square Saigon, said in a statement.
Mandarin Oriental, Saigon is next to the Saigon Opera House and the People’s Committee Building. The property is also near the city's key landmarks, dining and shopping areas.
The hotel will mark Mandarin Oriental's initial entry into Vietnam's hotel market. It will join the hotel group's portfolio of 13 properties in Asia. These operate in Guangzhou, Sanya, Macau and Shanghai in China, the Central and Causeway Bay districts of Hong Kong, Bangkok, Thailand, Jakarta, Indonesia, Kuala Lumpur, Malaysia, Taipei, Taiwan, Tokyo, Japan and Marina Bay in Singapore.
This is Mandarin Oriental's second management deal this month, following its announcement for the Mandarin Oriental, Muscat beachfront hotel in Oman on May 3, 2018. The property, which is scheduled to open a year after the Mandarin Oriental, Saigon, will have 159 guestrooms and suites along with 155 Residences at Mandarin Oriental.
While Mandarin Oriental gained two management agreements in May 2018, the hotel group lost one, following a notice of termination for its deal to manage the Mandarin Oriental, Las Vegas released on May 16. CityCenter Holdings, a joint venture between MGM Resorts and Infinity World Development Corporation, sold the hotel for $214 million to an undisclosed buyer. Hilton will take over operations of the property this summer with plans to rebrand and renovate it as a Waldorf Astoria hotel—the brand's first in Las Vegas.