In June 2017, Regent Hotels Group and prominent Vietnamese property developer BIM Group signed a management contract for a mixed-use development in Phu Quoc, Vietnam. Regent Phu Quoc is expected to open in 2019, and comprises a luxury resort and branded residential units.

In the early stages of development, the property has already scooped an award as Winner in the New Hotel Construction & Design Vietnam category at the 2017 Asia Pacific Property Awards.

Regent’s agreement with BIM Group will be followed swiftly by the July 2017 launch of the Regent Pool Club Residences at Regent Porto Montenegro. Designed by the award-winning WATG architects of London, the second phase is located adjacent to the existing Regent Porto Montenegro hotel, and it overlooks Porto Montenegro’s TYHA awarded Super Yacht Marina of the Year; each of the Regent Pool Club Residences will have direct access to the facilities and services of the award-winning five-star hotel. The first phase of Regent Porto Montenegro has received worldwide acclaim since its launch in August 2014.

Regent Jakarta and Regent Residences Jakarta will be the next mixed-use development project. It is scheduled to open in 2018 in the heart of Indonesia’s vibrant capital city. The result of a collaboration between Regent Hotels & Resorts and KG Global Development, Regent Jakarta will form part of the new Mangkuluhur City development, which offers myriad shopping, dining and entertainment options on the doorstep. The property has received four design awards, namely Best Condo Development (Indonesia), Best Luxury Condo Development (Jakarta), Best Residential Interior Design and Highly Commended Residential Architectural Design at the inaugural Indonesia Property Awards 2015.

Commenting on the developments, Mr. Steven Pan, Chairman of Regents Hotels Group said, “The mixed-use business model is our commitment to maximize owner return through innovative concepts and entrepreneurship. The development of a luxury hotel is a long-term investment; using the Regent brand as an anchor, we can deliver exceptional products and provide immediate capital return through residential sales.

To further expand its global footprint, Regent Hotels Group has been continually seeking for growth opportunities that align the right partners with winning locations in gateway cities. Regent Jakarta presents all three opportunities and its development is an important milestone in the international growth strategy for the Regent brand. By launching the second phase of Regent Porto Montenegro and signing the management contract for the development of Regent Phu Quoc, Regent Hotels Group expects to adapt its successful management expertise in luxury hotel to residential development.