IHG signs deal with Vietnamese conglomerate BIM
21 December 2011
InterContinental Hotels Group (IHG) has signed a deal with Vietnamese conglomerate The BIM group for the development of two new-build Crowne Plaza properties in Vientiane, Lao People’s Democratic Republic (Lao PDR) and Phu Quoc, Vietnam.
Both properties are scheduled to open in 2015.
"The BIM Group is a strategic partner for IHG in the fast-growing IndoChina market. The group’s success in the various businesses speaks highly of its leadership and influence, complementing IHG’s strength and development plans in the region,” said Jan Smits, chief executive officer, IHG Asia, Middle East and Africa.
The 200-room Crowne Plaza Vientiane the first IHG-managed property in Lao PDR, marking the hotel group’s strategic presence in all capital cities in IndoChina. The 400-room Crowne Plaza Phu Quoc Resort will be the fourth property under the Crowne Plaza brand in Vietnam. It will be part of a 155-hectare integrated resort development site in Duong Dong district along Long Beach.
Headquartered in Halong City, Vietnam, BIM Group is a private investment group with business interests in various sectors including hotel development, real estate, infrastructure development and construction, and transportation.
IHG recently announced it was repositioning its Crowne Plaza brand in three separate stages.
Related content
