Marriott International expands luxury hotel footprint in Vietnam
Marriott International, the world’s largest hotel group, is stepping up its expansion in Vietnam through a new management deal with local developer Masterise Group.
Under the agreement signed on Monday, Marriott will manage four hotels and the first Ritz-Carlton Residences development in Ho Chi Minh City, with the projects developed by Masterise.
Illustration of a project covered in the deal between Masterise Group and Marriott. Photo courtesy of Masterise.
The HCMC pipeline includes a 231-room Ritz-Carlton hotel and a 420-unit Ritz-Carlton Residences tower, marking the debut of the ultra-luxury residential brand in Vietnam’s largest metropolis.
Beyond HCMC, Marriott is also expanding aggressively into large-scale resort developments. The U.S.-based group will operate a dual-branded eco-resort complex in Can Gio, featuring JW Marriott and Four Points by Sheraton brands. The project is part of the 2,870-hectare Can Gio coastal tourism urban area, also known as Vinhomes Green Paradise.
The Can Gio complex is expected to deliver around 780 rooms, including hotel rooms, suites, family units, and extended-stay serviced apartments.
In northern Vietnam, construction is under way on the Co Loa Marriott Hotel, which is set to offer 494 rooms and will introduce the Marriott Hotels flagship brand to Hanoi for the first time.
Marriott currently operates more than 30 hotels and resorts across Vietnam and has more than 50 additional projects in its development pipeline. Its footprint spans major cities such as Hanoi and HCMC, as well as established and emerging tourism destinations including Phu Quoc, Nha Trang, and Ha Giang.
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