Intercontinental Phu Quoc complex to hit the market on April 22
Intercontinental Phu Quoc complex to hit the market on April 22
The InterContinental Phu Quoc Long Beach Resort & Residences, an original, cutting-edge complex, goes on the market next Saturday, April 22.
It will be operated by one of the world’s leading hospitality groups, the InterContinental Hotels.
The resort component of the complex will begin operations in the third quarter of this year, while the luxury condotels of InterContinental Phu Quoc Long Beach Residences will open for sales at the event organised at the InterContinental Asiana Saigon in HCM City.
Located on one of the most beautiful white beaches on Phu Quoc Island, off the coast of Kien Giang Province in south Viet Nam, this project is being developed by the prestigious BIM Group in its Phu Quoc Marina Complex.
The InterContinental Phu Quoc Long Beach Residences consists of 115 condotels and five resort villas with original, exquisite architecture that is in harmony with the scenic landscape of the island.
It is the first project of its kind in Asia to be run under the InterContinental brand, prominent the world over for its service quality that is backed by 70 years of experience in operating luxury hotels and resorts in 65 countries.
The project boasts the most modern amenities including an infinity pool, sky bar, gymnasium centre, 900-seat meeting room and a recreation zone for children.
It is designed by leading architecture firms like PTW (Australia), Group8Asia (Switzerland), AW2 (France) and well-known Vietnamese architect Vo Trong Nghia.
Given the promise of high returns, the InterContinental Phu Quoc Long Beach Resort & Residences, its quality guaranteed by the world-class standards of the InterContinental Hotels Group, are expected to be an investment magnet.Notably, the developer BIM Group will provide an unprecedented high rate of revenue sharing, of up to 40 per cent.
Property experts say that with such high revenue sharing proportions, owners would not have to worry about operation costs, which account for a major part of the total expenditure of 4-5 star hotels.
The developer will also guarantee a profit of nine per cent per year for nine years.
In addition, these assets will gain added value in the coming years as the Phu Quoc property market is becoming hotter than ever, with billions of dollars being poured into hospitality developments with the aim of turning the island into a major tourist hub.
