Representatives from HB Group and ONYX Hospitality Group sign a contract in HCM City. (Source: VNA)

Thailand-based ONYX Hospitality Group has recently announced its entry into Vietnam with the signing of a deal with HB Group to manage OZO Hoi An, a 364-room beachfront resort in the New Hoi An City.

The four-star hotel is slated to open late next year.

Part of a master development consisting of a retail complex, dining and entertainment village, residential apartments, villas and recreational facilities, OZO Hoi An will have an all-day restaurant, a gym and other facilities.

Peter Henley, CEO of ONYX, said at the signing ceremony on October 9 that "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 plans.”

HB Group Chairman Trinh Thanh Huy said his group believes Hoi An is the most attractive spot for tourism in Vietnam. The new hotel is the first component for the whole new development. The new city anchored by OZO will play a big role in enhancing the destination's tourism status.

The 400ha, 1.5 billion USD New Hoi An City's first phase will become operational at the end of next year with the hotel, over 200 apartments and 20,000sq.m of retail space.

Since 2013 when the first OZO hotel opened, there are now five properties - Hong Kong (China), Pattaya and Koh Samui in Thailand, and Colombo and Kandy in Sri Lanka.-VNA