All boutique hotels of Phú Quốc Waterfont that opened for sale on Saturday were sold out, making the beach-front hotel project a “phenomenon” in Phu Quoc Island’s resort and hospitality property market.
Developer BIM Group and sale agent MGV said they received 150 bookings although just 59 coastal boutique hotels and 38 boutique hotel luxury units of Boutique Hotels Phú Quốc Waterfront were up for sale.
“We can say Phú Quốc Waterfront has created scorching heat at the Jade Island today. Customer demand is so high that all units are sold out,” a representative from BIM Group said.
“This is an unexpected result, making Phú Quốc Waterfront a phenomenon.”
Boutique Hotels Phú Quốc Waterfront is among the first mini-hotel projects on the island, which has been witnessing an impressive increase in the number of tourist arrivals every year, although room supply remained modest.
The project is located in BIM Group’s complex Phú Quốc Marina where leading hospitality brands have gathered, such as IHG with InterContinental Hotel, which will be operational in August, and Regent Phú Quốc, which is going to start construction, and the Sailing Club. Phú Quốc Waterfront is also close to the marina square, the night market, bars, clubs and restaurants.
Phú Quốc Waterfront is a street of boutique hotels with areas of 70-145sq.m. with a modern layout
A buyer from Hà Nội who is engaged in the hotel business in downtown Hà Nội said Phú Quốc Waterfront met the expectations of his family, which was seeking to expand the business.
“However, it’s a pity that I could not buy a hotel at this opening. I am waiting for the next sale to open.”
On Saturday, BIM Group and MGV also shared with interested buyers updates on the real estate market in Phú Quốc Island, especially the hospitality segment and its development potential
Photo BIM Group