InterContinental inks deal for Hanoi project

InterContinental Hotels Group has signed an agreement with Tran Hong Quan Trading to manage the group’s first Crowne Plaza hotel in Vietnam’s capital city of Hanoi.Scheduled to open in early 2010, the new hotel will be known as Crowne Plaza West Hanoi and will be part of a US$65 million mixed-development complex. The complex will also feature an upmarket commercial centre and luxury serviced apartments.  The Crowne Plaza West Hanoi will be located next to the National Stadium and Sports Complex, which hosted the 2003 South East Asian Games. In close proximity are the National Convention Centre, the Underwater Sports Centre and a high-end residential, commercial, retail and entertainment hub.

Jan Smits, chief operating officer, Southern Asia and Korea, IHG Asia Pacific, said, “Hanoi is fast gaining a reputation as a business and meetings, incentives, conventions and exhibitions travel destination and Crowne Plaza Hotels & Resorts as an upscale brand for business meetings and social interactions is well-positioned to meet the needs of this expanding market. With the increasing number of business and leisure travellers into Hanoi, IHG is poised to capture a substantial share of this strong growth potential.”

Tran Hong Quan, Director of Tran Hong Quan Trading, a Vietnam-based company with interests in real estate, investments, construction and gas supply, said: “We are pleased to partner with IHG on Hanoi’s much anticipated mega project. The opening of Crowne Plaza West Hanoi will address the city’s need for high quality accommodation in the five-star hotel category. The hotel’s opening is well timed with the completion of the mixed development project in early 2010.”

Hanoi, a popular destination in northern Vietnam, is expected to attract two million international travellers and seven million domestic visitors by 2010. The capital city saw a 14% increase in tourist arrivals to 665,000 in the first half of 2007.

IHG has a development pipeline of four hotels in Vietnam. InterContinental Hanoi Westlake is scheduled to open in November 2007, with another three hotels slated for opening in 2009. These include the Crowne Plaza Danang, InterContinental Asiana Saigon in Ho Chi Minh City and the InterContinental Danang Resort on the Son Tra Peninsula.
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