With construction slated to be completed by 2019, the first Holiday Inn will be opening up its doors in Laos for the very first time.
InterContinental Hotels Group (IHG) and BIM Group’s Crowne Plaza Vientiane signed a contract on October 19th solidifying the deal on the internationally recognized American hotel chain.
Holiday Inn & Suites Vientiane will be IHG’s third project with BIM Group, who also owns the upcoming Inter Continental Phu Quoc Long Beach Resort & Residences.
Commenting on the partnership, Rajit Sukumaran, Chief Development Officer, Asia Middle East Africa, IHG stated “the country’s growing prominence as a business and tourism destination is in line with our strategic expansion plans in Laos, which include Crowne Plaza Vientiane, the first internationally branded upscale hotel in Vientiane, and the upcoming Holiday Inn & Suites Vientiane. With the excellent experience we’ve had working with our partner, BIM Group, we are excited to continue this relationship, bringing our mid-scale offerings to the Lao capital with the debut of our trusted Holiday Inn brand.”
Holiday Inn & Suites Vientiane will include 250 rooms, 50 of which will be long-stay suites, and will be part of a mixed-use development, consisting of the existing Crowne Plaza Vientiane, office towers and a retail shopping complex.
With a selection of lifestyle offerings within the multi-use complex, guests will be able to enjoy shopping and dining options, take a short stroll to downtown Vientiane, or explore key tourist attractions located nearby, such as the night market along the Mekong River.
Holiday Inn & Suites Vientiane will be equipped with versatile function spaces for meetings, receptions and events, including a large ballroom capable of seating more than 1,000 people.
The Holiday Inn brand has a strong presence in the region with 23 hotels and resorts in Southeast Asia, including six in Indonesia, three in Malaysia, two in the Philippines, two in Singapore and 10 in Thailand.
Progressively over the next five years, IHG will almost double its Holiday Inn presence across the region with an additional 20 hotels.
Laos has been recognized as one of the fastest-growing nations in Southeast Asia, with up to 8 per cent GDP growth over the past few years. In addition to infrastructural and industrial developments that are set to boost economic growth and attract foreign investment, there is also a strong upward trend in its tourism sector.
The Double Tree by Hilton Vientiane will soon follow after with the first of its kind opening its doors in early 2020.