Mövenpick Hotels & Resorts announced the signing of a landmark new property in Ho Chi Minh City as it continues to expand its portfolio across Vietnam.
After making the headlines recently with its sale to AccorHotels, the Swiss hospitality group continues to grow its portfolio, this time, with a new property that will be the centrepiece of Kenton Node Hotel Complex, a riverside development in Ho Chi Minh City, Vietnam.
Scheduled to open in 2020, Mövenpick Hotel Ho Chi Minh City will comprise 815 keys (288 hotel rooms and 527 serviced apartments), plus an array of upscale business and leisure facilities. It will feature upscale restaurants and bars, an outdoor infinity pool, a private spa, fitness centre, and MICE facilities including a ballroom and several meeting rooms.
This impressive flagship project will take our Vietnam portfolio to eight properties strong – Andrew Langdon, Mövenpick
“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 stay segments. This impressive flagship project will take our Vietnam portfolio to eight properties strong and in excess of 3,000 rooms by 2020 and we look forward to further expansion across the country in the coming years,” said Andrew Langdon, chief development officer for Mövenpick Hotels & Resorts.
The signing of Mövenpick Hotel Ho Chi Minh City forms a key part of a major phase of expansion for Mövenpick Hotels & Resorts in Vietnam. At present, the company is established in the capital city Hanoi, but the next few years will see the launch of a series of new hotels and resorts in key destinations across the country.
“Tourism in Vietnam is riding the crest of a wave”
“Tourism in Vietnam is riding the crest of a wave, with proactive government policies and positive investments leading to record-breaking visitor arrivals and a buoyant economy with strong GDP growth and rising affluence also driving increased levels of domestic and inbound leisure and business travel,“ added Langdon.
According to data from the Vietnam National Administration of Tourism (VNAT), Vietnam welcomed 5.5 million international tourists in the first four months of 2018 alone. This is almost 30% more than the same period last year, putting the country on track to exceed the record 12.9 million visitors it welcomed last year.
Kenton Node – the hotels surrounding area – will be 84,000 square metres of high-end retail malls, restaurants, a multiplex cinema and other leisure facilities. It will include office space, residential units, a marina, and riverside promenade and parks.
The development will soon be a major landmark and tourism hub for Ho Chi Minh City, designed to attract local and international visitors alike.