Vietnamese American Hotel and Resort Co., a wholly
owned subsidiary of the U.S. investment firm ITC Spectrum LLC., signed hotel
management agreements with three world leading hotel operating companies in Quy
Nhon City, Vietnam on Tuesday.
The three partners of VAHR are Marriott International, Ritz-Carlton, and
Outrigger Hotels and Resorts Asia, a subsidiary of Honolulu-based Outrigger
Marriott International, Ritz-Carlton, and Outrigger will manage three resort
projects inside what is called the US$250 million Vinh Hoi Bay Golf Resort, a
325-hectare oceanfront, fully-integrated, mixed-use development which will
initially include the three projects.
They include the Ritz-Carlton and JW Marriott properties, a championship 18-hole
golf course designed by Robert Trent Jones II, residential villas, a retail
village, an arboretum and other recreational amenities.
The Outrigger Vinh Hoi Bay Resort and Spa with 210 rooms and 46 private villas
will start construction in mid-2011, and is expected to open for business at the
end of 2013.
The 100-villa Vinh Hoi Bay – A Ritz-Carlton Reserve, and the 320-room JW
Marriott Vinh Hoi Bay Resort & Spa are expected to begin construction in early
2012 and be completed in 2014.
Later phase of the development will feature three additional resorts, more
residential properties, an equestrian center, a marina and other amenities.
Vinh Hoi Bay Golf Resort is 25 kilometers north of Quy Nhon City in Binh Dinh
Province of, and 20 minutes away from Phu Cat Airport in the central province.
Tran Duc Canh, Chairman and CEO of Vietnamese-American Hotel and Resort, said at
Tuesday’s contracts signing ceremony in Quy Nhon, “We are very pleased to have
these prestigious American brands be a part of the Vinh Hoi Bay development.
“We have no doubt that the Vinh Hoi Bay Golf Resort in partnership with these
hotel operators is positioned as a premier international luxury destination
resort, adding a significant milestone to the Vietnam tourism industry and to
Asia as a whole.”
Speaking for Marriott International, Mr. Edwin Fuller, President and Managing
Director, Lodging International, said, “We are delighted with this visionary
opportunity to further expand our lodging portfolio in Vietnam. These resorts
will rank among the best, most luxurious properties in Asia and we are honored
to participate in the emergence of Vietnam as world-class resort destination.”
“We are confident that, given the hospitality of the Vietnamese people coupled
with the unique beauty and historic significance of this particular part of
Vietnam and the extraordinary ambience of these two distinctive resorts, both
properties will be in high demand from the start.”
Quy Nhon City is located in the middle of Danang and Nha Trang on the central
coast. Its origins date back to the 11th century and the Champa kingdom for
which its legacy – Cham culture’s temple complexes – can be seen throughout Quy
The topography of Binh Dinh province is diverse and attractive, offering
visitors lush highlands, forests, alluvial plains, lakes and beaches – all in
one destination. Phu Cat Airport, 20 minutes from Vinh Hoi Bay, is slated to
offer direct international flights in the coming years.