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Latest IDS Equity Holdings News
Jul 21, 2023
The latest signing consolidates Meliá's position as one of the largest in the country. Spanish hotel group, Meliá Hotels International, has inked an agreement for a new hotel in Ha Long, the entry point to one of Vietnam's most stunning tourist destinations, Ha Long Bay, further cementing the group's position as one of the largest international hotel groups in Vietnam. Meliá Halong Bay is set to debut in 2027 with 240 rooms and 302 serviced apartments spread over two towers. The spacious hotel will feature four restaurants and bars, an indoor swimming pool and an expansive palm-tree lined outdoor swimming space with man made islets dotted throughout, reminiscent of the neighboring UNESCO World Heritage site. The brand's signature YHI Spa will also be part of the new property, along with 2,000 square meters of MICE Space. The Ha Long announcement is the next milestone on an 18 month-journey of rapid expansion within Vietnam. The growing hotel group has now in total 23 hotels throughout the country including operating and pipeline, being one of the biggest international hotel groups in Vietnam. This summer the group opens Gran Meliá Nha Trang, Meliá's most luxurious hotel to debut in Vietnam to date. In the next few years they will also open Sol by Meliá Cam Ranh Bay, Meliá Nha Trang Beach Resort, and Meliá Quy Nhon Beach Resort bringing more Spanish passion for service to the country. The new property is the ideal jumping off point to explore Ha Long Bay, where visitors will navigate picturesque waters peppered with more than 1,000 limestone islands. Meliá Halong Bay will be owned by Hanoi Halong Tourism Company, a member of IDS Equity Holdings (IDS). IDS is a Vietnamese-based investment company with a hospitality portfolio across Vietnam.