All boutique hotels of Phu Quoc Waterfont that opened for sale on Saturday were sold out, making the beach-front hotel project a “phenomenon” in Phu Quoc Island’s resort and hospitality property market.

Developer BIM Group and sale agent MGV said they received 150 bookings although just 59 coastal boutique hotels and 38 boutique hotel luxury units of Boutique Hotels Phu Quoc Waterfront were up for sale.

“We can say Phu Quoc Waterfront has created scorching heat at the Jade Island today. Customer demand is so high that all units are sold out,” a representative from BIM Group said.

“This is an unexpected result, making Phu Quoc Waterfront a phenomenon.”

Boutique Hotels Phu Quoc Waterfront is among the first mini-hotel projects on the island, which has been witnessing an impressive increase in the number of tourist arrivals every year, although room supply remained modest.

The project is located in BIM Group’s complex Phu Quuc Marina where leading hospitality brands have gathered, such as IHG with InterContinental Hotel, which will be operational in August, and Regent Phu Quoc, which is going to start construction, and the Sailing Club. Phu Quoc Waterfront is also close to the marina square, the night market, bars, clubs and restaurants.

Phu Quoc Waterfront is a street of boutique hotels with areas of 70-145sq.m. with a modern layout

A buyer from Ha Noi who is engaged in the hotel business in downtown Ha Noi said Phu Quoc Waterfront met the expectations of his family, which was seeking to expand the business.

“However, it’s a pity that I could not buy a hotel at this opening. I am waiting for the next sale to open.”

On Saturday, BIM Group and MGV also shared with interested buyers updates on the real estate market in Phu Quoc Island, especially the hospitality segment and its development potential. — VNS