InterContinental Phu Quoc Long Beach Residences - The most expensive Condotel in Vietnam

04/08/2017

The coastal villa/resort apartment segment has not cooled down yet, creating great attraction for investors thanks to the potential for capital recovery through the rental program. However, choosing an investment project is not an easy problem to solve. Accordingly, InterContinental Phu Quoc Long Beach Residences is emerging in this segment with a series of "valuable" highlights that few projects can achieve.

 

Prestigious brand

 

The reputation of the InterContinental brand is one of the reasons why the InterContinental Phu Quoc Long Beach Residences project attracts customers. With 70 years of operation, owning 9 famous hotel brands in the world, operating about 750,000 rooms in more than 5,000 hotels in nearly 100 countries, InterContinental Hotels Group PLC (IHG) has always maintained the "throne" in the global resort industry. Despite the world economic downturn since 2008, this group is still doing well. IHG's revenue and profit have grown continuously. According to the IHG shareholder report in August 2016, the average occupancy rate of InterContinental brand hotels and resorts across Asia has always reached more than 70%. The standard room rate at some resorts of this brand in Asia reaches about 350 USD/room/night, bringing each resort an estimated revenue of hundreds of billions of VND per year. Impressive figures such as the loyalty club with more than 15,000 members or more than 90% of tourists in the US regularly staying at IHG's hotel system further enhance the prestige and stature of the brand. As the most premium brand in the IHG brand system, building its brand foundation from absolute customer satisfaction, InterContinental Hotels & Resort is known as an extremely strict hotel operator, paying attention to every small detail. It can be affirmed that it is not easy for a project to meet all the standards and wear the InterContinental Hotels & Resort brand. For the first time in the world, a condotel project with the InterContinental brand has been sold to individual owners, demonstrating the IHG Group's trust in the investor as well as its confidence in winning the Phu Quoc market. When owning an InterContinental resort apartment, the investor not only owns the priceless intangible value of this brand but is also guaranteed for business efficiency, for a stable and long-term number of tenants of InterContinental Phu Quoc Long Beach Residences from IHG's huge global customer base.

 

 

Superior policy, cutting-edge design

 

When BIM Group introduced the project, the construction progress was 70% complete, now basically completed and in the process of rushing to construct the interior, this shows the investor's caution and dedication. With the construction progress of "build first, sell later", many customers are focusing on investing in the project. Not only that, the hotel block is expected to be put into operation next October, making the project more attractive than ever. It is known that in the next phase, the investor will launch the most "expensive" resort apartments of the project. "Expensive" here is not only aimed at the price but also to describe the uniqueness in design as well as the scarcity of the number of apartments for sale, only 15 grand ocean apartments with direct sea view and wide view, all rooms can see the poetic beach and blue waves.

 

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By applying the policy of sharing 40% of room revenue with the owner, BIM Group will help customers not to worry about hotel operating costs, which include many items that even professional players have to worry about, eliminating a major concern for investors and helping them to more easily manage the profitability of the property. In addition, with limited quantity, these properties have the potential to increase in price very high in the context of resort real estate being a new investment trend and entering a peak period. This is an ideal "one-of-a-kind" effective division from rental exploitation, customers receive 40% of room rental revenue before deducting operating costs. In addition, the investor commits to a guaranteed profit of not less than 9%/year/apartment value and maintained continuously for 9 years, responsible for leasing for at least 20 years with extension.

 

 

And even more special, customers only need to pay 30% of the value of the apartment that has been handed over, receive the vacation and committed profit, the rest customers will continue to pay in installments without interest.

 

In addition, for the Grand Ocean View standard resort apartments sold this time, owners will be given 40 nights/year in the first two years and 20 nights in the following years; 12 business class air tickets (Hanoi/Ho Chi Minh - Phu Quoc route) in the first year from the date the project comes into operation along with a series of other special incentives.

 

The class of the project is also shown through the harmonious design between sophisticated architecture and beautiful landscape. InterContinental Phu Quoc Long Beach Resort & Residences is taken care of in every detail. The project is built and developed by BIM Group - a prestigious investor in the market and designed by famous architectural consulting brands such as PTW (Australia), Group8Asia (Switzerland), AW2 (France), Element Studio (Singapore) ... Therefore, each resort apartment at InterContinental Phu Quoc Long Beach Residences is committed to 5-star quality with a strict standard system applied at any hotel or resort managed by IHG Group worldwide, bringing a true experience of luxury living space with a series of high-class amenities such as infinity pool, luxury spa, 24/7 restaurant, pool bar, sky bar, sports center with high-class equipment, children's entertainment area. InterContinental Phu Quoc Long Beach Residences was honored at the International Property Award ceremony in the Asia-Pacific region in the hotel architecture category, conquering the voting board by converging 4 factors including application, sustainability, aesthetics and sophistication.

 

Perfect location

 

The project is located at Bai Truong - Phu Quoc, a famous pristine and beautiful beach, the place to watch the most beautiful sunset in the country. Not only enjoying the natural beauty of nature, InterContinental Phu Quoc Long Beach Residences is also part of Phu Quoc Marina Tourist Complex, enjoying nearby entertainment and resort facilities such as walking street, night market, Sailing Club - the leading complex of restaurants and coastal bars in Southeast Asia, water park, and sea square... This is also a factor that makes the project more attractive to tourists.

 

 

With its strategic location, only 1-2 hours flight from Southeast Asian tourist centers such as Singapore, Bangkok, and Ho Chi Minh City, Phu Quoc is considered a "gold mine" of Vietnam's tourism industry. The number of tourists to the island has also continuously increased sharply. In 2016, there were 1.43 million visitors, an increase of 52% compared to 2015 and 230% compared to 2013. Meanwhile, the first phase of the safari zoo has been put into operation, the world's longest sea-crossing cable car line and a marine entertainment area are being built in the south of the island. In addition, a chain of golf courses and resorts with casinos, a super-luxury international cruise port... have also been deployed and will be put into operation in mid-2017, making Phu Quoc real estate hotter every day.

 

The project is marketed and distributed by MGV Real Estate and associated floors: Home2Home, HTLand, S.house, Eagle Land.

 

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