MARRIOTT INTERNATIONAL SIGNS LANDMARK AGREEMENT WITH VINPEARL TO ADD EIGHT HOTELS IN VIETNAM

Marco Poneto

Settlement is ready to additional strengthen Marriott Worldwide’s presence in Vietnam with the anticipated addition of greater than 2,000 rooms to its current portfolio

HO CHI MINH CITY, Vietnam, June 22, 2022 /PRNewswire/ — Marriott Worldwide, Inc. in the present day introduced a strategic settlement with Vinpearl, Vietnam’s largest hospitality and leisure chain, to transform and develop near 2,200 rooms throughout eight motels in Vietnam – considerably increasing its portfolio of world-class motels and resorts within the nation. This collaboration expects to see the debut of the Autograph Assortment Lodges model within the nation, whereas different deliberate openings span the next manufacturers: Marriott Lodges, Sheraton Lodges & Resorts, and 4 Factors by Sheraton.

MARRIOTT INTERNATIONAL SIGNS LANDMARK AGREEMENT WITH VINPEARL TO ADD EIGHT HOTELS IN VIETNAM

“The Vinpearl Landmark 81, Autograph Assortment is anticipated to debut as Vietnam’s first Autograph Assortment lodge. The lodge is in a 461-meter tower on the banks of the Saigon River”

“We’re thrilled to be working with Vinpearl to speed up our progress in Vietnam,” mentioned Rajeev Menon, President, Asia Pacific (excluding Better China), Marriott Worldwide. “With the nation’s strong basis for a resilient financial system, and steady progress of its infrastructure particularly within the tourism sector, we’re assured this collaboration will allow us to raised cater to our friends’ wants.”

Of the eight motels, six are conversions which can be anticipated to be a part of Marriott’s system later this 12 months:

Vinpearl Landmark 81, Autograph Assortment is anticipated to function Vietnam’s first Autograph Assortment lodge. The approach to life lodge will be part of a various and dynamic assortment of over 260 impartial motels across the globe hand-selected for his or her inherent craft and distinct perspective on design and hospitality. At the moment often called Vinpearl Luxurious Landmark 81, the lodge is ready excessive up in a gleaming 461-meter tower on the banks of the Saigon River and is anticipated to characteristic 223 rooms and suites, three meals and beverage shops, 12 operate areas, a enterprise heart, spa, outside pool, and health heart.

Danang Marriott Resort & Spa is anticipated to fly the Marriott Lodges model flag following the rebranding of Vinpearl Luxurious Danang. Nestled on Non Nuoc Seaside, near downtown Danang, the retreat is anticipated to characteristic 200 rooms and suites, 39 villas with a contemporary, residential design, and locally-inspired accents, catering to offering friends with enriching experiences alongside its signature areas and heartfelt service. Design plans name for 5 totally different meals and beverage shops, eight occasion areas, an infinity pool, a spa, youngsters membership, tennis court docket and a wealth of water sports activities, together with a dive heart.

Sheraton Phu Quoc Lengthy Seaside Resort is located on the west coast of Phu Quoc, Vietnam’s largest island, and is a quickly rising tourism hotspot. Rebranded from the prevailing Vinpearl Phu Quoc Resort, the resort is anticipated to characteristic 500 fashionable and residential rooms, suites, and villas, three meals and beverage shops, in depth convention house, three swimming pools, a spa, and a youngsters membership.

Sheraton Hai Phong, at present often called Vinpearl Lodge Imperial, Hai Phong, is anticipated to turn out to be one of many metropolis’s prime selections for enterprise and leisure vacationers and a hub for conferences and occasions within the heart of Vietnam’s largest port metropolis. The property is anticipated to characteristic 362 fashionable, residential rooms and suites, 4 meals and beverage shops, a ballroom and 4 operate areas, a pool, spa and health heart.

Sheraton Can Tho expects to be a landmark property within the thriving Mekong Delta metropolis. At the moment working because the Vinpearl Lodge Can Tho, the 262-key lodge is ready on the banks of the Can Tho River, surrounded by a number of sights. Friends can unwind on the restaurant, foyer lounge, terrace café and outside swimming pool with pool bar. There’s additionally in depth occasion house, together with a grand ballroom.

4 Factors by Sheraton Lang Son is a 21-story lodge within the coronary heart of the charming northern metropolis of Lang Son, providing panoramic views of the encompassing forests and mountains. At the moment often called the Vinpearl Lodge Lang Son, it’s anticipated to turn out to be the primary internationally branded lodge within the metropolis. The lodge is anticipated to characteristic 127 rooms and suites, 4 meals and beverage venues, a spa and a ballroom, all catering to the wants of in the present day’s on a regular basis traveler via its classic fashionable design, fashionable consolation, genuine sense of the native, and real service.

Two new construct motels are anticipated to open in 2025 – the Sheraton Vinh and 4 Factors by Sheraton Ha Giang. Each are positioned in distinctive areas promising to draw not solely home but additionally worldwide vacationers.

Marriott Worldwide at present operates 10 motels and resorts in Vietnam. The corporate not too long ago introduced its plans to greater than quadruple its portfolio in Vietnam with a signed pipeline of 30 motels. At the moment’s announcement brings the corporate’s pipeline in Vietnam near 40 motels.

As a number one tourism – resort – leisure model in Vietnam, Vinpearl at present operates 35 motels and resorts spanning 17 cities and provinces, with a complete of greater than 18,500 lodge rooms and villas. The cooperation with Marriott Worldwide is a part of Vinpearl’s technique to advance and internationalize the model within the hospitality discipline. This excellent mixture expects to raise home and international vacationers’ various experiences via Vinpearl’s signature native ‘all-in-one’ complexes and world-class customary companies by a global prestigious lodge firm.

Be aware on forward-looking statements:

This press launch incorporates “forward-looking statements” throughout the that means of United States federal securities legal guidelines, together with statements associated to anticipated unit and rooms progress; our progress pipeline; anticipated lodge and different mission improvement, conversions and openings; and model debuts in sure markets; and related statements regarding anticipated future occasions and expectations that aren’t historic info. We warning you that these statements will not be ensures of future efficiency and are topic to quite a few evolving dangers and uncertainties that we might not have the ability to precisely predict or assess, together with the danger components that we establish in our U.S. Securities and Trade Fee filings, together with our most up-to-date Annual Report on Type 10-Okay or Quarterly Report on Type 10-Q. Any of those components may trigger precise outcomes to vary materially from the expectations we specific or indicate on this press launch. We make these forward-looking statements as of the date of this press launch and undertake no obligation to publicly replace or revise any forward-looking assertion, whether or not because of new info, future occasions or in any other case.

About Marriott Worldwide, Inc.

Marriott Worldwide, Inc. (NASDAQ: MAR) relies in Bethesda, Maryland, USA, and encompasses a portfolio of greater than 8,000 properties underneath 30 main manufacturers spanning 139 nations and territories. Marriott operates and franchises motels and licenses trip possession resorts all around the globe. The corporate gives Marriott Bonvoy®, its highly-awarded journey program. For extra info, please go to our web site at www.marriott.com, and for the newest firm information, go to www.marriottnewscenter.com. As well as, join with us on Fb and @MarriottIntl on Twitter and Instagram.

About Vinpearl

Vinpearl is a subsidiary of Vingroup, established in 2001. At the moment, Vinpearl is working 45 properties together with: 35 motels and resorts with over 18,500 rooms; 3 theme parks and a couple of leisure complexes, 2 semi-wildlife conservation parks, 4 golf programs, spas, 5-star convention facilities and F&B shops… positioned on the most well-known vacationer sights throughout 17 provinces of Vietnam. Amongst that, the three complexes in Phu Quoc, Nha Trang, Da Nang – South Hoi An are the largest in South East Asia, following the mannequin of “one vacation spot for all wants – one cease vacation spot”. They provide fulfilled holidays proper on the complexes’ premises with a collection of various fashionable experiences, appropriate for all ages. Within the close to future, Vinpearl will proceed to develop the top-class vacationer complexes in North Vietnam, equivalent to Hai Phong, Quang Ninh… For extra info, please go to our web site at www.vinpearl.com.

SOURCE Marriott Worldwide

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