Life Resorts get Minor support

BANGKOK, 12 February 2013: Minor Hotel Group (MHG), a hotel owner, operator and investor with 85 properties in 12 countries, has acquired Vietnam’s Life Resorts.

It adds two hotels to the Minor Hotel Group portfolio; the 96-key Life Heritage Resort Hoi An and the 63-key Life Wellness Resort Quy Nhon. Total investment amounts to US$16 million for the two properties and acquisition of the brand.

However, Minor Hotel Group plans to rebrand both properties later this year to two of its existing brands.

The Hoi An property will be flagged Anantara Hoi An Resort and the Quy Nhon property will become AVANI Quy Nhon Resort & Spa.

Life Heritage Resort Hoi An adopts a French colonial style architecture and is located on the banks of the Bon River, a short walk from the town centre’s UNESCO World Heritage Site. Life Wellness Resort Quy Nhon is a beach resort, with all guest rooms offering sea views.

Minor Hotel Group first entered into Vietnam in 1998 through a joint venture in Harbour View Hotel, Hai Phong. This was followed in 2011 by the launch of Anantara Mui Ne Resort & Spa on the country’s south east coast.

By taking ownership of the two Life Resort properties, MHG is making a further step in the country’s hotel market that  demonstrates  its commitment to Vietnamese hospitality.

Minor International chairman and CEO, William Heinecke said: “These two properties are a great fit for Minor’s hotel portfolio and we are convinced of their continued success and of the country’s bright prospects in the coming years.”

Minor International (MINT) is a global company focused on three primary businesses; restaurants, hotels and lifestyle brands distribution. MINT is a hotel owner, operator and investor with a portfolio of 44 open hotels and 41 serviced suites under the Anantara, AVANI, Oaks, Elewana, Marriott, Four Seasons, St. Regis and Minor International brands in Thailand, Indonesia, Vietnam, Malaysia, China, Sri Lanka, the Maldives, Tanzania, Kenya, Australia, New Zealand and the United Arab Emirates.

Sourced: ttrweekly