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December 15, 2011

IHG signs agreements with BIM Group

InterContinental Hotels Group (IHG) has announced the signing of agreements with Vietnamese conglomerate, the BIM Group, for two new-build Crowne Plaza properties in Vientiane, Lao People’s Democratic Republic, and Phu Quoc, Vietnam.

InterContinental Hotels Group (IHG) has announced the signing of agreements with Vietnamese conglomerate, The BIM Group, for two new-build Crowne Plaza properties in Vientiane, Lao People’s Democratic Republic, and Phu Quoc, Vietnam.

Both the properties, scheduled to open in 2015, will add about 600 rooms to IHG’s portfolio.

The 200-room Crowne Plaza Vientiane is the first IHG-managed property in Lao PDR and will mark the hotel group’s strategic presence in all capital cities in IndoChina – besides Hanoi, Vietnam, and Phnom Penh, Cambodia.

Crowne Plaza Phu Quoc Resort will be IHG’s fourth property in Vietnam.

IHG Asia, Middle East and Africa CEO Jan Smits said the debut of the first Crowne Plaza hotel in Vientiane will further invigorate tourism, and that Crowne Plaza Vientiane aims to provide a range of services and products for the meetings, incentives, conferences and events (MICE) sector.

The Crowne Plaza Vientiane will be positioned on a 2ha prime area, while Crowne Plaza Phu Quoc Resort will be part of a 155ha integrated resort development site in Duong Dong district along Long Beach.

The 400-room Crowne Plaza Phu Quoc Resort will include 95 residences and five villas and will occupy 10ha on the site.

BIM Group’s business interests encompass hotel development, real estate, infrastructure development and construction, and transportation.

IHG, which operates seven hotel brands including Intercontinental, Crowne Plaza, Hotel Indigo, Holiday Inn, Holiday Inn Express, Staybridge Suites and Candlewood Suites, has more than 666,000 rooms in over 4500 hotels in 100 countries and territories around the world.

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