Pegasus Binh Dinh and Banyan Group deepen alliance

With an estimated total investment value of S$100 million ($74.56 million), Dhawa Quy Nhon Vietnam is the second phase of the Pegasus Education Tourism Development and will contain a total of 55 villas to be managed by Banyan Group under its Dhawa brand.

The development’s first phase kicked off with the opening of Outward Bound Vietnam in 2016. Pegasus Education Tourism Development spans approximately 60 hectares (ha) with its own beach front and is part of Pegasus chairman Ricky Tan’s vision to combine outdoor adventure education facilities with ecotourism hospitality.

Ricky Tan, chairman, Pegasus and Ho Kwon Ping, chairman, Banyan Group

Pegasus is part of the KinderWorld Group of companies based in Singapore with Ricky Tan, the founder and chairman, at the helm since 1986.

“This agreement cements our long-term investment in Vietnam and marks a significant day for the KinderWorld Group. This second phase of Dhawa Quy Nhon offers the first-of-its-kind hotel with villa residences, in a mixed education tourism development on the central coast of Vietnam," said Tan.

“We are delighted to grow our partnership with Pegasus with the opening of the first Dhawa Residences within our dynamic multi-brand ecosystem. This agreement strengthens Banyan Group's presence in high-growth travel destinations and exemplifies our commitment to excellence across a broad spectrum of offerings,” said Ho Kwon Ping, chairman of Banyan Group.

Inspired by rice-paddy terraces, Dhawa Quy Nhon Vietnam spans 10.5ha on tiered platforms descending to the seafront.

Rooted in a design philosophy that embraces panoramic sea views and is sensitive to the natural topography, Banyan Group's Dhawa brand emphasizes smart design, distinctive aesthetics, and fresh thinking. The resort caters to discerning travellers, providing unique experiences in stylish, one-of-a-kind settings, encapsulating the essence of choice, comfort, and discovery.

In 2023, Dhawa Resort Quy Nhon was awarded with the Best Resort Interior Design at the Asia Architecture and Design Awards.

The resort's design has been praised for featuring distinct zones inspired by different aspects of Quy Nhon’s cultural treasures and celebration of local culture, which seamlessly blends with the natural surroundings, emphasising the region’s rustic charms.

Binh Dinh is a province in central Vietnam that is gaining popularity as a tourist destination with an ideal combination of historical structures, untouched beaches, and lush greenery.

With an approved master plan for an international airport in Binh Dinh, international tourists will also be drawn to the tranquil and contemporary setting of Dhawa Quy Nhon.

KinderWorld International Group is the largest owner-operator of International Schools in Vietnam, operating 15 campuses across the country in Hanoi, Ho Chi Minh City, Danang, Binh Duong New City, Vung Tau, Nha Trang, Halong and Can Tho.

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