Regent Hotels & Resorts has agreed to manage the hotel and residential development Regent Phu Quoc, which is owned by Vietnamese property developer BIM Group.
With the 2019 launch of the Regent Phu Quoc—the company’s third mixed-use development with a hotel and residences—Regent Hotels & Resorts’ global portfolio will increase to nine properties.
The 400-guestroom Regent Phu Quoc will be in the center of Phu Quoc Marina, a growing tourist destination in Vietnam, and at Bai Truong on the west coast of the island near the airport. Vietnam's Phu Quoc is in the Gulf of Thailand, off the coast of Cambodia. More than 70 percent of the island is classified as a National Park and a protected area.
“Asia plays an important role in Regent’s global expansion plans, especially throughout the Southeast Asia region,” Steven Pan, chairman of Regent Hotels Group, said in a statement. “There is clear potential for growth in Vietnam. Alongside our development plans in Vietnam, we are finalizing the second phase of our mixed-use development at Regent Porto Montenegro with the opening of the Regent Pool Club Residences. We will also be launching Regent Jakarta in 2018.”
The Regent Porto Montenegro and the Regent Jakarta will also be mixed-use properties with a hotel and residential buildings. Regent Hotels & Resorts will launch the Regent Jakarta with developer KG Global Development in the center of Jakarta, Indonesia. The property will have 126 guestrooms and suites and 107 residences in Mangkuluhur City.