Photo: Viet Tuan
Hospitality group acquired land last year with construction to wrap up in October.
The Muong Thanh Hospitality Group acquired land last year on Phu Quoc Island at Sonasea Villas & Resort, developed by the CEO Group, and has been building a five-star hotel, a source from Muong Thanh revealed to VET.
Located at the center of Truong Beach in the west of Phu Quoc, Sonasea Villas & Resort covers a total area of 80 ha on a 1 km stretch of beach and is one of the two largest hospitality projects with the longest beaches on Truong Beach.
Muong Thanh Phu Quoc is expected to provide 300 rooms once completed in October, the source added.
Phu Quoc Island is emerging as an ideal destination for hospitality investment, with major advantages from its natural conditions, strategic location, and the support and investment from the local government and enterprises. Its attractions come from ten stunning beaches along a 150 km coastline, an unspoiled ecosystem and rich biodiversity, a safari park - the second largest in the world - and casino developments being given approval.
Under its revised general master plan to 2030, Phu Quoc Island will have three urban areas, 15 eco-tourism areas, two tourism complexes, and five golf courses. By 2020 it will be a Special Economic Zone (SEZ).
Many key infrastructure projects such as Phu Quoc International Airport, the An Thoi International Seaport, and south-north axis road have been completed or upgraded. The Ha Tien - Phu Quoc underground electric cable was completed in 2014.
There were a total of 2,500 units launched on the island in 2015, according to Savills Research Consultancy, including apartments, land plots, and villas. Among the local developers on Phu Quoc Island, Vingroup leads the villa market with a 76 per cent market share.
Muong Thanh is one of the largest hotel chains in Vietnam, operating more than 50 three- to five-star hotels nationwide with each featuring the characteristics of its local region. With more than 17 years of experience in the hotel service industry, Muong Thanh Hospitality has developed rapidly and expanded its services and service quality to cater to thousands of domestic and foreign guests every year.