Indochina Kajima signs hotel management agreement with Mandarin Oriental Hotel Group
Two parties agree to terms over management of luxury Mandarin Oriental, Bai Nom resort in Phu Yen province.
Indochina Kajima Development Limited (Indochina Kajima), a joint venture between Indochina Capital and the Kajima Corporation, held a signing ceremony on November 29 for a hotel management agreement with the Mandarin Oriental Hotel Group for Mandarin Oriental, Bai Nom, an ultra-luxury resort located in south-central Phu Yen province.
Mandarin Oriental, Bai Nom is located near the border of Binh Dinh province, home to Quy Nhon city, an established tourism area. While Phu Yen is found along Vietnam’s well-developed and renowned south-central and central coast, it remains pristine and naturally stunning, making it ideally suited for the development of a tranquil and private luxury resort.
When completed, it will feature spacious accommodation in 72 suites and villas, including 25 private and exclusive residences.
Indochina Capital has an unparalleled track record in master planning and developing Vietnam’s best luxury resorts. “Indochina Kajima will expand on this track record with Mandarin Oriental, Bai Nom, which will aim to set a new benchmark in Vietnam in terms of design, construction quality, operations, and sustainability,” said Mr. Peter Ryder, CEO of Indochina Capital and Board Member of Indochina Kajima.
The resort will also be a sparsely-populated, low-rise development in a pristine untouched natural setting, inserting modern Asian luxury building design into the natural landscape. Timeless architecture and modern interior designs will set a strong sense of place by using locally available materials and Vietnamese cultural design elements.
“We are excited to be bringing Mandarin Oriental’s legendary service to what promises to be a world-class resort and we are delighted to be working with partners who share the same strong commitment to responsible tourism,” said Mr. James Riley, Group Chief Executive of Mandarin Oriental. “The project will complement our two hotels under development in Saigon and Da Nang. This will provide our fans with an opportunity to experience three diverse and fascinating aspects of Vietnam.”
Similarly, Mr. Keisuke Koshijima, Representative Director and Executive Vice President of the Kajima Corporation and Board Member of Indochina Kajima, believes that Phu Yen province will develop into a luxury tourism destination, and Mandarin Oriental, Bai Nom, will carry on the Corporation’s rich tradition of developing world-class resorts across the globe.
