Swiss hospitality group Movenpick has signed a management agreement to operate the first integrated resort complex in Vietnam.
Mövenpick Resort Phu Quoc will span more than 50 hectares of beachfront land with 250 hotel rooms, 100 residences and 50 luxury pool villas.
It will also feature a retail complex, water park, spa, conference centre and beach club.
It is scheduled to open in 2018.
"Being selected to manage the first integrated destination resort in Vietnam on a stunning island earmarked for ambitious tourism developments confirms our status as one of Asia’s leading hotel operators," said Mövenpick Hotels & Resorts CEO, Jean Gabriel Pérès.
"This exciting project will take our Vietnam portfolio to three properties strong by 2018 and paves the way for Mövenpick Hotels & Resorts to manage similar large-scale destination resort developments across Asia where our strategy is to gain a strong foothold in sought-after locations."
Phu Quoc Island is one of Southeast Asia’s fastest growing tourism destinations .
The island’s airport has announced new international routes from China, Russia, Taiwan and Northern Europe which are due to start during 2016.
"The world-class Mövenpick Resort Phu Quoc will set new hospitality standards in Vietnam and put the island on the international tourism map," said LLe Thị Hai Chau, CEO of the hotel owner Ngoi Sao Cua Duong Joint Stock Company.
