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Reputable 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 world-renowned hotel brands, and operating approximately 750,000 rooms in over 5,000 hotels in nearly 100 countries, InterContinental Hotels Group PLC (IHG) has consistently maintained its leading position in the global hospitality industry. Despite the global economic downturn since 2008, the group has continued to thrive, with consistently growing revenue and profits. According to IHG's shareholder report in August 2016, the average occupancy rate of InterContinental hotels and resorts across Asia consistently exceeds 70%. Standard room rates at some of this brand's resorts in Asia reach approximately US$350 per night, generating estimated annual revenue of hundreds of billions of Vietnamese dong for each resort. Impressive figures such as a loyalty club with over 15,000 members and the fact that over 90% of US tourists regularly stay at IHG hotels further enhance the brand's prestige and stature. As the most luxurious brand in the IHG portfolio, built on the foundation of absolute customer satisfaction, InterContinental Hotels & Resorts is known for its extremely rigorous hotel operation, paying attention to every detail. It can be asserted that it is not easy for a project to meet all the standards to bear the InterContinental Hotels & Resort brand. For the first time in the world, an InterContinental-branded condotel project is being sold to individual owners, demonstrating IHG's confidence in the developer and its belief in success in the Phu Quoc market. By owning an InterContinental resort apartment, investors not only possess the invaluable intangible value of the brand but also receive assurance of business performance and a stable, long-term rental income for InterContinental Phu Quoc Long Beach Residences, thanks to IHG's massive global customer base.
Superior policies, top-notch design.
When BIM Group introduced the project, construction was already 70% complete. Now, the basic finishing is complete, and interior construction is underway, demonstrating the investor's meticulousness and dedication. With a "build first, sell later" construction schedule, many customers are focusing their investment attention on the project. Furthermore, the hotel block is expected to open in October, making the project even more attractive. It is known that in the next phase, the investor will release the most "expensive" resort apartments of the project. "Expensive" here refers not only to the price but also to the unique design and the scarcity of the units for sale – only 15 grand ocean view apartments with direct sea views and expansive vistas, all rooms offering views of the picturesque beach and clear blue waves.
By implementing a revenue-sharing policy with owners receiving 40% of room rates, BIM Group will help customers avoid worrying about hotel operating costs, which include many items that even professional investors struggle with. This eliminates a major concern for investors and helps them manage the profitability of their assets more effectively. Furthermore, with a limited number of units, these properties have the potential for significant price appreciation in the context of resort real estate being a new investment trend and entering its peak period. This is an ideal and unique revenue sharing arrangement from rental income, with customers receiving 40% of room rental revenue before deducting operating costs. In addition, the developer guarantees a return of no less than 9% per year/apartment value, maintained continuously for 9 years, with a minimum 20-year lease term (renewable).
Even better, customers only need to pay 30% of the apartment's value to receive the keys, enjoy a guaranteed vacation and profit, and the remaining amount can be paid in interest-free installments.
In addition, for the standard grand ocean view resort apartments being sold this time, owners will receive 40 nights of free accommodation per year for the first two years and 20 nights in subsequent years; 12 business class air tickets (Hanoi/Ho Chi Minh City – Phu Quoc route) in the first year from the date the project becomes operational, along with a range of other special offers.
The project's đẳng cấp (class/prestige) is further demonstrated through its harmonious design, blending sophisticated architecture with stunning landscapes. Every detail at InterContinental Phu Quoc Long Beach Resort & Residences is meticulously crafted. Developed by BIM Group – a reputable investor – and designed by renowned architectural consulting firms such as PTW (Australia), Group8Asia (Switzerland), AW2 (France), and Element Studio (Singapore), each resort unit at InterContinental Phu Quoc Long Beach Residences is guaranteed 5-star quality, adhering to the rigorous standards applied to any hotel or resort managed by IHG worldwide. This ensures a truly luxurious living experience, complemented by a range of high-end amenities such as an infinity pool, a world-class spa, 24/7 restaurants, a pool bar, a sky bar, a fitness center with premium equipment, and a children's play area. InterContinental Phu Quoc Long Beach Residences was honored at the International Property Award Asia-Pacific in the hotel architecture category, winning over the judging panel with its combination of four elements: functionality, sustainability, aesthetics, and sophistication.
Perfect location
Located in Bai Truong – Phu Quoc, a famous pristine beach known for its stunning sunsets, InterContinental Phu Quoc Long Beach Residences not only enjoys the natural beauty of the area but is also part of the Phu Quoc Marina tourism complex, benefiting from nearby entertainment and leisure amenities such as a pedestrian street, night market, Sailing Club – a leading beachfront restaurant and bar complex in Southeast Asia, a water park, and a seaside plaza... This is another factor that makes the project even more attractive to tourists.
With its strategic location, just 1-2 hours' flight from Southeast Asian tourist hubs like Singapore, Bangkok, and Ho Chi Minh City, Phu Quoc is considered a "gold mine" for Vietnam's tourism industry. The number of tourists visiting the island has been steadily increasing. In 2016, it reached 1.43 million visitors, a 52% increase compared to 2015 and a 230% increase compared to 2013. Meanwhile, the first phase of the safari zoo has opened, the world's longest over-sea cable car line and a marine entertainment area are under construction in the south of the island. In addition, a series of golf courses and resorts with casinos, a super-luxury international cruise ship port, etc., have been developed and are expected to open in mid-2017, truly making Phu Quoc's real estate market heat up day by day.
The project is marketed and distributed by MGV Real Estate and its affiliated network: Home2Home, HTLand, S.house, and Eagle Land.
