Friday, February 21 2020


IHG’s condotels on Phú Quốc Island have outstanding value

Update: August, 07/2017 - 10:57

The partnership between global hospitality operator InterContinental Hotels Group (IHG) and Vietnamese property developer BIM Group in developing InterContinental Phu Quoc Long Beach Residences has brought outstanding investment value to the coastal condotel project on Phú Quốc Island, off the coast of Kiên Giang Province.

The reputation of InterContinental, with a development history of 70 years, has made InterContinental Phu Quoc Long Beach Residences stand out and grab significant market attention.

InterContinental Hotels Group owns nine global hotel brands and currently has some 750,000 rooms at more than 5,000 hotels and resorts in nearly 100 countries and territories, and is one of the world’s leading hotel operators with occupancy rate of more than 70 per cent.

InterContinental Hotels & Resort is the most valuable brand of IHG, which guarantees the absolute satisfaction of customers, follows strict standards and ensures attention is paid to every small detail. It is, therefore, not easy for any project to meet standards of the InterContinental Hotels & Resort brand.

Now, for the first time a condotel project – InterContinental Phu Quoc Long Beach Residences – under the InterContinental brand will be sold to individual investors, reflecting the confidence of IHG in the tourism market of Phú Quốc Island.

Carrying IHG’s brand also guarantees stable and long-term room occupancy for InterContinental Phu Quoc Long Beach Residences.

Attractive sale policies

BIM Group launched the project when 70 per cent of the construction was already complete, and the developer is now gearing up to complete the interiors.

The hotel under this project is planned to be operational in October this year.

The developer will soon open for sale 15 exclusive villas with a grand ocean view.

For Intercontinental Phu Quoc Long Beach Resorts and Residences, the developer is offering revenue sharing of 40 per cent to customers, promising profitable investment with a minimum guaranteed profit of nine per cent per year for nine consecutive years.

Notably, buyers currently need to pay only 30 per cent and the rest can be paid at zero interest rate.

For grand ocean view villas, buyers will be provided with 40 nights of free stay in the first two years and 20 nights each following year, together with 12 return tickets for Hà Nội/HCM City-Phú Quốc flight routes in the first year of operation.

Cutting-edge design, perfect location

The project has a cutting-edge design which blends with the beautiful landscape. Attention has been paid to every detail by leading architecture firms such as PTW (Australia), Group8Asia (Switzerland) AW2 (France) and Element Studio (Singapore).

Following the strict standards of IHG, InterContinental Phu Quoc Long Beach Residences promises to provide an exclusive accommodation experience with luxury facilities such as infinity pool, spa, round-the-clock restaurant and pool bar, as well as sky bar, fitness and recreation zone.

Phu Quoc Long Beach Residences was awarded at the Asia Pacific Property Award for its optimal convenience, sustainability, artistic and sophisticated design.

Located on Trường Beach, a beautiful wild beach with a scenic sunset view, Phu Quoc Long Beach Residences also enjoys developed infrastructure and facilities of BIM Group’s Phu Quoc Marina Complex.

Phú Quốc Island has recently emerged as a tourist hotspot of Việt Nam, witnessing a whopping rise in the number of tourist arrivals, driven by more convenient travel options, with more flights from Singapore, Bangkok, HCM City and Hà Nội, together with billions of dollars worth of investment in tourism property ■

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