Indochina Kajima inks agreement for luxury resort in Phu Yen

Representatives from Indochina Kajima and Mandarin Oriental Hotel Group signing the agreement

Mandarin Oriental, Bai Nom is situated in the central province of Phu Yen near the border with Binh Dinh province and is home to the established tourism area of Quy Nhon city. While Phu Yen is situated within Vietnam’s well-developed and renowned Central Coast, it remains pristine and naturally stunning, ideally suited for the development of a tranquil and private luxury resort.

The resort covers a unique 29-hectare site with approximately 50 per cent of the entire site being owned by Indochina Kajima. Pristine and remote, the site encompasses a private cove with an untouched beach spanning more than 800 metres that is bordered to the north and south with promontories elevating up to 80m that provide panoramic views following Vietnam’s spectacular coastline and mountainous interior.

When completed, the resort will feature spacious accommodations housed in 72 suites and villas, including 25 private and exclusive residences at Mandarin Oriental, Bai Nom. Guest accommodation, directly on the beach or dotted over the hillsides, will feature private landscaped terraces and pools. The expansive branded residences will house three to five guestrooms with private gardens, pools, and terraces. Indochina Kajima and Mandarin Oriental are working together to ensure the resort is designed and developed in a responsible way.

Peter Ryder, CEO of Indochina Capital and board member of Indochina Kajima, commented on the design of the resort saying, “Indochina Capital has an unparalleled track record in master planning and developing Vietnam’s best luxury resorts having developed Four Seasons, The Nam Hai, and Six Senses Con Dao. Indochina Kajima will expand on this track record with Mandarin Oriental, Bai Nom, which will aim to set a new benchmark in Vietnam in terms of design, construction quality, operations, and sustainability."

"The resort will be a sparsely populated, low-rise development in a pristine untouched natural setting, inserting modern Asian luxury design into the natural landscape. Timeless architecture and modern interior designs will set a strong sense of place by using locally available materials and Vietnamese cultural design elements. The juxtaposition of the finely crafted villas against the natural untouched landscape, cliffs, beach, and sea will allow the melding of the indoor and outdoor experience, creating an unparalleled guest experience,” he added.

Keisuke Koshijima, representative director, executive vice president of Kajima Corporation, and board member of Indochina Kajima noted, “Phu Yen has many favourable conditions for tourism development. Visitors have an abundance of cultural, recreational, and natural tourist attractions. Most importantly, the remote and pristine nature of Phu Yen is advantageous compared to more developed tourism markets such as Nha Trang, Danang, and Phu Quoc, which have lost some of their natural charm."

"Long term, we believe Phu Yen will develop into a luxury tourism destination, and Mandarin Oriental, Bai Nom will carry on Kajima Corporation’s rich tradition of developing world-class resorts across the globe,” continued Koshijima.

To carry out the management and operations of this spectacular resort, Indochina Kajima is partnering with Mandarin Oriental Hotel Group, the award-winning owner and operator of some of the world’s most luxurious hotels, resorts, and residences. Having grown from its Asian roots into a global brand, the group now operates 36 hotels and eight residences in 24 countries and territories, with each property reflecting the group’s oriental heritage, local culture, and unique design.

Group chief executive of Mandarin Oriental James Riley said, “We are excited to be bringing Mandarin Oriental’s legendary service to what promises to be a world-class resort and we are delighted to be working with our partners who share the same strong commitment to responsible tourism.”

“The project will complement our two hotels under development in Ho Chi Minh City and Danang. This will provide our fans with an opportunity to experience three diverse and fascinating aspects of Vietnam,” he added.

Indochina Kajima has appointed a world-class and award-winning team of consultants to design Mandarin Oriental, Bai Nom and will cooperate with best-in-class construction and project management companies to build the resort.

Construction of the main works is expected to commence in the second half of 2023 and be completed by the end of 2025. The resort is scheduled to be operational in the first half of 2026.

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