Minor Hotel Group, a hotel owner, operator and
investor, currently with 85 properties in operation across twelve
countries, has strengthened its position in Vietnam’s hospitality
sector by acquiring Life Resorts.
Within the Life Resorts portfolio, Minor Hotel
Group has acquired the 96-key Life Heritage Resort Hoi An and the
63-key Life Wellness Resort Quy Nhon.
The Life Resorts properties are widely
recognised, not only in Vietnam but also in Asia and in key
European markets such as Germany and the UK.
Total investment amounts to US$ 16 million
for the two properties and acquisition of the brand.
Minor Hotel Group plans to rebrand both
properties later this year to two of its existing brands. The Hoi
An property will be flagged under the group’s well-established
luxury Anantara brand and will become Anantara Hoi An Resort and
the Quy Nhon property will be flagged Avani, MHG’s new
contemporary upscale brand, becoming Avani Quy Nhon Resort & Spa.
Life Heritage Resort Hoi An is French colonial
style and situated along the Thu Bon River, a short walk from the
town centre of Hoi An, a UNESCO World Heritage Site, while Life
Wellness Resort Quy Nhon is a private secluded beach resort, with
all guest rooms offering sea views.
Minor Hotel Group first entered into Vietnam in
1998 through a joint venture in Harbour View Hotel, Hai Phong.
This was followed in 2011 by the launch of Anantara Mui Ne Resort
& Spa on the country’s south east coast.
Dillip Rajakarier, CEO Minor Hotel Group, said,
“With the acquisition of these two resorts, we are proud to extend
our hospitality offering wider in Vietnam, giving us the
opportunity to welcome diverse travellers from the north to the
south of the country and delivering the same service quality and
hospitality as in all the hotels we either own or manage within
Minor Hotel Group.”
William E. Heinecke, Chairman and CEO of Minor
International, added, “Vietnam is a fascinating country with a
rich culture and diverse landscape and has seen exceptional growth
and economic development in recent years. These two properties are
a great fit for Minor’s hotel portfolio and we are convinced of
their continued success and of the country’s bright prospects in
the coming years.”
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