Marriott International Signs Multi-Property Agreement with Masterise Group, Accelerating Expansion in Vietnam
- EDITOR
- 2 hours ago
- 5 min read
Marriott International, Inc. announces a landmark signed agreement with Masterise Group to open four hotels, with one branded residence, in Vietnam, adding close to 1,900 keys to the group's nationwide portfolio and introducing Marriott’s industry-leading luxury, premium, and select hotel brands to cities across Vietnam’s key urban, economic, and leisure destinations.
The flagship properties will be strategically positioned in Ho Chi Minh City. The launch of The Ritz-Carlton, Saigon and The Ritz-Carlton Residences, Saigon is poised to set a new benchmark for luxury hospitality in Vietnam, while a pioneering eco-resort complex in Can Gio, the natural retreat close to Ho Chi Minh City, will include JW Marriott and Four Points by Sheraton hotels, aligning with the district’s long-term development vision. In Hanoi, the city’s first Marriott Hotel will set the stage for authentic Vietnamese culture and large-scale events.
This multi-property agreement was officially signed by Gautam Bhandari, Chief Development Officer, Asia Pacific excluding China, Marriott International, and Nelly Phuong Ta, Head of Hospitality & Entertainment, Masterise Group. Together with the 2025 launch of Masterise Hospitality & Entertainment (MHE), this agreement marks a pivotal step in Masterise Group’s expansion into hospitality and resorts and its rise as an experiential ecosystem leader.
“Our collaboration with Masterise Group is founded on a shared vision and a long-term commitment to excellence. Together, we are developing projects that we expect to stand as enduring icons – designed, constructed, managed, and operated in full alignment with the rigorous quality standards of Marriott International’s world-leading brands,” said Gautam Bhandari, Chief Development Officer, Asia Pacific excluding China, Marriott International. “Through this multi-property agreement, we hope to create destinations that deliver memorable and meaningful experiences for domestic and international travelers alike.”
Co Loa Marriott Hotel is set to introduce the flagship Marriott Hotels brand to Hanoi. Currently under construction next to the National Exhibition & Convention Center, 13 km from downtown, it is expected to feature 494 keys, offering an outstanding option for business travelers and meeting planners. Guests can look forward to the brand’s signature Wonderful Hospitality as they stay in spacious and thoughtfully appointed rooms and suites (starting from 40 square meters), dine in style at four restaurants and lounges, cool off in the outdoor pool, unwind at the spa, and work out at the fitness center. The hotel is also slated to feature 3,000 square meters of bright, fully connected function space, and a focus on authentic Vietnamese culture, ideal for immersive events that capture the spirit of Hanoi.
JW Marriott Hotel Saigon Can Gio and Four Points by Sheraton Saigon, Can Gio are planned as part of the 2,870-hectare Can Gio Coastal Urban Tourism Area, a pioneering ecotourism destination which is set to attract up to nine million annual visitors to Can Gio, a lush, natural enclave set to connect Ho Chi Minh City and Long Thanh International Airport by a new expressway and bridge. Upon completion, this newly constructed dual-branded property will offer guests the options of the world-class JW Marriott, which is rooted in luxurious holistic well-being experiences and exceptional hospitality, while Four Points by Sheraton provides a perfect blend of modern details with genuine service.
Together, these distinct hotels are expected to showcase a total of 780 keys, including rooms, suites, family accommodation, and apartment-style units, plus 1,800 square meters of combined meeting space. JW Marriott Hotel Saigon Can Gio is planned to feature five unique culinary venues, an Executive Lounge, an outdoor pool, and the brand’s signature Spa by JW, while plans for Four Points by Sheraton Saigon, Can Gio include three casual dining options, and two outdoor recreation zones including a kids’ club and children’s pool.
The Ritz-Carlton, Saigon and The Ritz-Carlton Residences, Saigon are slated to mark the brand’s debut in Ho Chi Minh City, a top dynamic Vietnamese metropolis. Nestled in District One, the commercial heart of Ho Chi Minh City, the property anticipates featuring a 231-room hotel and a separate tower with 420 branded residences, elevating the standard of hospitality with transformative cultural, culinary, and wellness experiences.
“Through our work with Marriott International, we aim to develop iconic hotels and resorts that go beyond providing world-class accommodations to become catalysts for local economic development, cultural preservation, and enhanced travel experiences for both domestic and international visitors,” commented Nelly Phuong Ta, Head of Hospitality & Entertainment, Masterise Group. “Each project will be master planned with a vision to harmoniously integrate heritage and community, aligning with the global shift toward cultural and experiential tourism. Our expansion into the hospitality and resort sector represents a strategic milestone in Masterise Group’s journey to build a fully integrated real estate ecosystem, underscoring our long-term commitment to advancing Vietnam’s position as a premier global destination.”
As of Q3 2025, Marriott has 29 properties across Vietnam, spanning 12 of its extraordinary brands and a wide range of destinations, including key gateway cities, beautiful beach resorts, dynamic economic hubs, rural retreats, and more. With more than 30 exceptional properties in the pipeline, Marriott is thoughtfully expanding its presence in this emerging market, offering members and guests even more inspiring options across Vietnam.
Masterise Group (MAG), one of Vietnam’s leading real estate developers, is accelerating its evolution into a multi-industry conglomerate with strategic investments beyond its core property portfolio. In partnership with the government, MAG is taking on a series of landmark national infrastructure projects, including the Gia Binh International Airport in Bac Ninh, Phu My 2 Bridge, and Can Gio Bridge in Ho Chi Minh City. These developments are set to strengthen aviation capacity, enhance urban connectivity, and drive Vietnam’s long-term socio-economic growth.
ABOUT MASTERISE GROUP
Masterise Group is an international real estate development group, pioneering the creation of a comprehensive ecosystem that spans residential and hospitality developments, as well as urban infrastructure and logistics. Founded in 2007 as Thao Dien Investment and officially rebranded as Masterise Group in 2019, we see real estate as more than just buildings, it is the foundation for a nation’s future, providing infrastructure for connection, momentum for progress, and legacy for future generations. With a long-term vision, we continuously push boundaries, create sustainable value, elevate quality of life, and contribute to strengthening Vietnam’s position on the global economic map.
In 2025, Masterise officially introduces its new business division – Masterise Hospitality & Entertainment (MHE), responsible for the Group’s hospitality and entertainment portfolio. MHE focuses on developing, managing, and operating premium international branded hotel and resort projects, along with global-standard entertainment and sports facilities. The establishment of MHE further expands and diversifies Masterise’s signature world-class experiential ecosystem, shaping new standards of elite living.. Read more here - Hotel Management Global Outlook Link
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