Hoi An town. Photo: Ngo Huy Hoa
Thailand's ONYX Hospitality Group has signed an agreement with Vietnam's HB Group to manage a US$1.5-billion resort that is being built in Hoi An, local authorities announced Sunday.
OZO Hoi An, a 364-room beachfront property, will spread over an area of 400 hectares in Cam An Ward and Dien Ban town south of the famous town.
It will also have a shopping mall, dining and recreational facilities, residential apartments, and villas, with the hotel set to open next year end.
“Vietnam is one of the region’s fastest growing travel destinations, and we are excited to have OZO Hoi An as part of our continuing expansion plan," Peter Henley, CEO of ONYX Hospitality Group, was quoted as saying in a statement.
A member of the Italthai conglomerate, ONYX operates several OZO hotels in Southeast Asia and China.