Marriott International and Mapletree Investments Sign Agreement to Debut JW Marriott Brand in Ho Chi Minh City
July 10, 2024
HO CHI MINH CITY, VIETNAM - Marriott International, Inc. (“Marriott International”) and Mapletree Investments (“Mapletree”) have signed an agreement to operate the Group’s existing hotel and serviced apartments in District 1 of Ho Chi Minh City, as well as introduce the JW Marriott brand to the city.
The existing hotel will be converted into JW Marriott Hotel & Suites Saigon and the rebranded property is slated to open in September 2024. This marks the brand’s third location in Vietnam, following Hanoi and Phu Quoc. Mapletree will be upgrading the hotel as part of its enhancement plan for its prime asset, mPlaza, in the heart of Ho Chi Minh City. This follows from the completion of the enhancements to the office lobby at mPlaza.
“We are pleased to have Marriott International on board with us to complement Mapletree’s real estate expertise. We aim to deliver exceptional experiences, as well as quality services to our tenants, guests and visitors with the JW Marriott brand,” said Amy Ng, Regional Chief Executive Officer, South East Asia and Group Retail, Mapletree.
“Ho Chi Minh City, a vibrant metropolis and a centre of commerce and culture in Vietnam, is the perfect location to introduce our iconic JW Marriott brand. We are delighted to bring our renowned hospitality to this key market,” said Shawn Hill, Marriott International’s Chief Development Officer, Asia Pacific excluding China. “We look forward to working with Mapletree to introduce the brand’s legacy of extraordinary hospitality, thoughtful design, and enriching experiences to this gateway city.”
JW Marriott Hotel & Suites Saigon is expected to feature a 21-storey hotel tower and a 31-storey serviced apartment tower consisting of one- to three-bedroom apartments, all of which offer panoramic views of the skyline and Saigon River. This central location and diverse accommodation make it the perfect choice for business and leisure travelers, on short or extended stays in Ho Chi Minh City.
Following the rebranding the property expect to feature a range of amenities including a conference space of more than 1,200 sqm and five restaurants and bars. When guests are not busy working or exploring the city, they can unwind in outdoor pools and fitness centres, with each tower offering separate facilities. Meanwhile, the planned Spa by JW will be a haven of wellness with seven treatment rooms, whirlpools, steam rooms and saunas.
Located on the junction of Hai Ba Trung Street and Le Duan Boulevard, JW Marriott Hotel & Suites Saigon is surrounded by major local attractions including Ben Thanh Market, Dong Khoi Street, and Notre Dame Cathedral, and is just six kilometres away from Ho Chi Minh City’s Tan Son Nhat International Airport.
JW Marriott Hotel & Suites Saigon will become Marriott International’s 24th property in Vietnam and the company’s fifth hotel in Ho Chi Minh City, complementing the existing Sheraton, Le Méridien, Renaissance, and Autograph Collection branded properties in the city.
For more information, please visit www.marriott.com.
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ABOUT MARRIOTT INTERNATIONAL
Marriott International, Inc. (Nasdaq: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of nearly 8,900 properties across more than 30 leading brands in 141 countries and territories. Marriott operates and franchises hotels and licenses vacation ownership resorts all around the world. The company offers Marriott Bonvoy®, its highly awarded travel program. For more information, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com. In addition, connect with us on Facebook and @MarriottIntl on X and Instagram.
ABOUT JW MARRIOTT
JW Marriott is part of Marriott International’s luxury portfolio of brands and consists of beautiful properties and distinctive resort locations around the world. JW Marriott is a tribute to the founder of Marriott International, J. Willard “J.W.” Marriott, who prioritized his own well-being so that he could take better care of others. Inspired by his approach to life and rooted in holistic well-being, JW Marriott properties offer a haven designed to allow guests to focus on feeling whole – present in mind, nourished in body, and revitalized in spirit – through programs and offerings that encourage them to come together and experience every moment to the fullest. Today there are nearly 125 JW Marriott hotels in 40 countries and territories worldwide that cater to sophisticated, mindful travelers who come seeking experiences that help them be fully present, foster meaningful connections and feed the soul. Visit JW Marriott, and on and. JW Marriott is proud to participate in Marriott Bonvoy®, the global travel program from Marriott International. The program offers members an extraordinary portfolio of global brands, exclusive experiences on and unparalleled benefits including complimentary nights and Elite status recognition. To enroll for free or for more information about the program, visit www.jw-marriott.marriott.com.
ABOUT MAPLETREE
Headquartered in Singapore, Mapletree is a global real estate development, investment, capital and property management company committed to sustainability. Its strategic focus is to invest in markets and real estate sectors with good growth potential. By combining its key strengths, the Group has established a track record of award-winning projects, and delivers consistently attractive returns across real estate asset classes.
The Group manages three Singapore-listed real estate investment trusts (“REITs”) and nine private equity real estate funds, which hold a diverse portfolio of assets in Asia Pacific, Europe, the United Kingdom (“UK”) and the United States (“US”). As at 31 March 2024, Mapletree owns and manages S$77.5 billion of office, retail, logistics, industrial, data centre, residential and student accommodation properties.
The Group’s assets are located across 13 markets globally, namely Singapore, Australia, Canada, China, Europe, Hong Kong SAR, India, Japan, Malaysia, South Korea, the UK, the US and Vietnam. To support its global operations, Mapletree has established an extensive network of offices in these countries.
For more information, please visit www.mapletree.com.sg.
