Mövenpick announces sixth hotel in Vietnam
Swiss-based international hospitality company Mövenpick Hotels & Resorts has added to its footprint in Vietnam with the signing of a sixth property in the country.
Situated in the attractive coastal city of Danang, the new property involves a partnership with Vicoland Group Joint Stock Company to build a 150-room hotel and 354 branded residences, which are scheduled to open in Q3, 2019.
Andrew Langdon, Mövenpick Hotels & Resorts chief development officer and senior vice president Asia, said: “The property is specifically being designed to serve Vietnam’s rapidly developing tourism and business and MICE sector while also meeting emerging demand for extended and long-term stays.
“The branded residences will form a mandatory rental pool, which maximises the developer’s return and responds to the real estate market providing a secure investment for individual unit buyers, with all the advantages of a hotel and of course benefit from Mövenpick’s internationally renowned management services.”
Located in central Vietnam where the Han River meets the South China Sea, Mövenpick Hotel & Residences Han River, Danang, Vietnam is situated on the banks of the Han River within Danang’s commercial heart, six kilometres from Danang International Airport.
The hotel will offer a range of contemporary amenities to support its well-appointed riverside rooms, including a signature rooftop bar and restaurant, lobby lounge, café and wine bar, pool bar and speciality restaurant.
Leisure facilities will include a swimming pool, fitness centre, spa and kids’ club, as well as a ballroom and state-of-the-art meeting rooms.
Langdon added: “For Mövenpick, this development is all about creating an urban lifestyle venue that appeals to leisure and business guests. Danang is experiencing a development and tourism boom, as is Vietnam.
“The growth within the country’s economy and a general increase in disposable income are driving domestic tourism and the property market simultaneously.”