JLL said ParkRoyal Saigon, a 186-room four-star hotel in Ho Chi Minh City, has been transferred by UOL Group Limited to a domestic investor.
The four-star ParkRoyal Saigon hotel in Ho Chi Minh City (Photo: GPH).
Meanwhile, Perle D’Orient Cat Ba, a five-star resort in Cat Ba, Haiphong, has been sold by local investors to an international consortium.
Both properties hold distinct location advantages. ParkRoyal Saigon has a strong position in the corporate travel segment in Ho Chi Minh City, while Perle D’Orient Cat Ba is benefiting from the recovery of tourism and improving transport infrastructure on Cat Ba island.
JLL acted as adviser on both transactions. The deals come as hotel investment activity in Vietnam shows signs of accelerating.
The consultancy forecasts total transaction value across the market could reach around USD 200 million in 2026, higher than in previous years and approaching the scale seen in several emerging markets in the region.
A JLL Asia representative said investor interest is becoming more differentiated. Domestic investors are actively expanding portfolios, leveraging local market knowledge and asset restructuring capabilities, while international investors are focusing on high-standard hotels in strategic locations with stable cash flow.
Compared with more developed markets such as Thailand and Singapore, Vietnam’s hotel transaction volumes remain modest. However, with sustained economic growth, an expanding middle class and tourism promotion policies, Vietnam is gradually shifting from a potential market to a more structured investment destination within regional capital allocation strategies, JLL said.
