Marriott, Ritz-Carlton, Outrigger to Manage Three Resorts in Central Vietnam

AUGUST 29, 2010 BY VCCINEWS LEAVE A COMMENT Marriott International, Ritz-Carlton and Outrigger Hotels and Resorts Asia on August 24 signed deals with Vietnamese American Hotel and Resort Co., a wholly owned subsidiary of the U.S. investment firm ITC Spectrum LLC., to manage three resorts in Vietnam’s central province of Binh Dinh. Under the deals, the three world leading hotel operating companies will manage three resort projects inside what is called the $250 million Vinh Hoi Bay Golf Resort. 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. Vinh Hoi Bay Golf Resort is 25 kilometers north of Quy Nhon City and 20 minutes away from Phu Cat Airport in the central province. “Ritz-Carlton and Outrigger are two new tourism brands in Vietnam and we are very pleased to have these prestigious American brands be a part of the Vinh Hoi Bay development,” Tran Duc Canh, chairman and CEO of Vietnamese-American Hotel and Resort, said at the signing ceremony. “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,” Edwin Fuller from Marriott International noted. (Young People, www.dtinews.vn)