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IHG signs four-hotel deal in Vietnam

IHG Hotels & Resorts has sealed a four-hotel, 2,709-room portfolio deal in Vietnam with long-standing partner Sun Hospitality Group.

IHG Hotels & Resorts announced a four-hotel portfolio deal in Vietnam with Sun Hospitality Group (a member of Sun Group), a tourism-focused real estate developer. Vietnam’s first large-scale onsen destination resort at Quang Hanh’s Yoko Park – and three hotels in Ba Na Hills – will open in 2026

After the InterContinental Danang Sun Peninsula Resort, the companies will extend their partnership across two integrated development projects that will open in 2026.

The multi-property agreement includes the 616-room Holiday Inn Resort Yoko Park Onsen in Quang Ninh Province – a hot spring resort in Vietnam, expanding on the existing Yoko Onsen Quang Hanh Resort.

Three hotels will also be built as part of the ongoing development of Ba Na Hills 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.

In Quang Ninh province, IHG will have three properties across its Holiday Inn and InterContinental brands, and in Danang with seven hotels.

Serena Lim, Vice President, Development, South East Asia and Korea, IHG

We’ve always had a fantastic relationship with Sun Group and are delighted to extend it by working with them on these two fantastic destination resort projects. Creating new tourism concepts and assets such as these really showcases the pioneering spirit that is such a great part of our culture and ethos at IHG.

This marquee portfolio deal is aligned with our plan to grow our estate in Vietnam across all brands. As we work through the recovery, we know that domestic leisure business will be a strong driver of growth in the country. We’re looking to develop a range of destination resort and family-friendly destinations across Vietnam.

We are extremely proud of being a part of Ba Na Hills – one of the top theme park attractions in the cooling highlands of Danang, and are already looking forward to further opportunities to collaborate with Sun Group and introduce more of our much-loved brands in new and exciting locations in the country.

Vietnam continues to be a growth market for IHG, with 14 hotels across four brands, Six Senses, InterContinental, Crowne Plaza, and Holiday Inn, and 15 properties in its pipeline. Alongside recently opened Crowne Plaza Phu Quoc Starbay, IHG will debut new brands with Regent Phu Quoc and voco Ma Belle Danang.

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