Regent Hotels & Resorts signed a management agreement with Vietnamese property developer BIM Group on Friday in Ha Noi to manage Regent Phu Quoc - a luxury resort and residential development on Phu Quoc Island.

Regent Phu Quoc, which is expected to be launched in 2019, will increase the global luxury hospitality brand’s property portfolio to nine, from current properties in Beijing, Berlin, Chongqing and Porto Montenegro, as well as Singapore and Taipei, along with pipeline developments in Jakarta and Harbin.

Located at Bai Truong (Long Beach) on the west coast of Viet Nam’s largest island, just 10 minutes drive from the airport, Regent Phu Quoc consists of luxury hotel rooms and private residences in three styles - lake villa, beach villa and sky villa - which offer a magnificent sea view and private pool.

The waterfront property, featuring 400 rooms and world-class facilities, combines indigenous design with the luxurious yet understated essence of Regent Hotels & Resorts to provide guests with an exclusive lifestyle accommodation experience.

Regent Phu Quoc is an important construction of BIM Group’s Phu Quoc Marina, which has an integrated master plan, being developed to become the future tourist mecca of the island.

Doan Quoc Viet, chairman of BIM Group, said the cooperation with Regent Hotels and Resorts would create a property which set new standards for Viet Nam’s tourism industry.

Steven Pan, chairman of Regent Hotels & Resorts, said Asia was the focus of the group’s global expansion plans, given the huge potential for the hospitality industry.

Amid a wave of tourism investment on Phu Quoc Island, Regent with its history of creating benchmarks and new concepts made Regent Phu Quoc stand out due to its exclusivity and uniqueness.

Steven said he was deeply touched with BIM Group’s sustainable development value, adding that preserving nature and the environment and doing business in a harmonious way that benefited society were critical for development.

Founded in the 70s by legendary hotelier Robert H. Burns, Regent is the first truly Asian-based global hospitality group encompassing hotels, resorts and residences.

BIM Group is a diversified corporation with real estate development being one of its spearhead. The group has worked with prestigious design houses, reputable contractors and top property operators to implement its projects in Viet Nam and abroad, such as serviced apartments Fraser Suites Hanoi, Halong Marina Urban Development in Quang Ninh Province and Royal Square – a first-class complex in Vientiane. — VNS