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Mövenpick signs new hotel deal in HCMC

Released at: 17:01, 17/05/2018

Mövenpick signs new hotel deal in HCMC

Photo from Mövenpick

815-key Mövenpick Hotel Ho Chi Minh City to be centerpiece of Kenton Node riverside development once opened in 2020.

by Thu Hoang

Mövenpick Hotels & Resorts has signed an agreement with the Tai Nguyen Construction - Manufacture - Trade Co. on managing a new property in Ho Chi Minh City, as the Swiss hospitality company continues to expand its portfolio around Vietnam.

The new development, Mövenpick Hotel Ho Chi Minh City, will comprise 815 keys - 288 hotel rooms and 527 serviced apartments - plus an extensive collection of upscale business and leisure facilities.

Scheduled to open in 2020, the project will form the centerpiece of the Kenton Node Hotel Complex, a major new mixed-use development currently rising on the banks of the Rach Dia River at Nguyen Huu Tho Street in Saigon South, just ten minutes from downtown Ho Chi Minh City.

In addition to an extensive, varied inventory of rooms and residences, Mövenpick Hotel Ho Chi Minh City will feature a choice of stylish restaurants and bars, an outdoor infinity swimming pool, a private spa, a state-of-the-art fitness center, and extensive conference and banqueting facilities including a ballroom and several meeting rooms.

The signing of the Mövenpick Hotel Ho Chi Minh City deal forms a key part of a major phase of expansion for Mövenpick Hotels & Resorts in Vietnam. The company is established in the capital Hanoi and the next few years will see the launch of a series of new hotels and resorts in key destinations around the country, including Cam Ranh, Phu Quoc Island, Quy Nhon, Quang Binh, Da Nang, and Lang Co.

Tourism in Vietnam is riding the crest of a wave, with proactive government policies and positive investments leading to record-breaking visitor arrivals while a buoyant economy with strong GDP growth and rising affluence is also driving increased levels of domestic and inbound leisure and business travel, according to Mr. Andrew Langdon, Chief Development Officer for Mövenpick Hotels & Resorts.

“With its versatile collection of hotel rooms, residences, and world-class facilities, Mövenpick Hotel Ho Chi Minh City will cater to a wide variety of customer profiles in both the short and extended / long stay segments,” he added. “This impressive flagship project will take our Vietnam portfolio to eight properties and in excess of 3,000 rooms by 2020, and we look forward to further expansion around the country in the coming years.”

Vietnam welcomed 5.5 million international arrivals in the first four months of this year, 29.5 per cent more than in the same period last year, according to the Vietnam National Administration of Tourism (VNAT). This puts the country well on track to exceed the record 12.9 million visitors it achieved last year.

The Vietnamese Government also recently announced plans to extend its successful visa waiver program to several European countries. Meanwhile, the Long Thanh International Airport is due to be completed within the next decade, significantly boosting tourism capacity in Ho Chi Minh City and the entire southern region.

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