IHG Seals Portfolio Deal with Strategic Partner Sun Group in Vietnam
IHG Hotels & Resorts has announced a four-hotel, 2,709-room portfolio deal in Vietnam with the real estate developer member of Sun Group Sun Hospitality Group. The companies will extend their partnership across two integrated development projects that will open in 2026.
Nguyen Vu Quynh Anh, Chief Executive Officer, Sun Hospitality Group, said:
“We are strengthening our strategic partnership with IHG who share our vision of promoting the beauty of Vietnam to the world through sustainable and world-class tourism destination concepts. This is part of our masterplan to build ecosystems that spur tourism and commercial development for the country.''
The muti-property agreement includes the 616-room Holiday Inn Resort Yoko Park Onsen in Quang Ninh Province, and three hotels in the mountains of Danang: the 602-room Crowne Plaza Danang Ba Na Hills, 843-room Holiday Inn Resort Danang Ba Na Hills and 648-room voco Danang Ba Na Hills. Vietnam continues to be a strong growth market for IHG, with 14 hotels across four brands, Six Senses, InterContinental, Crowne Plaza, and Holiday Inn, and 15 properties in its pipeline.