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Movenpick to expand in Vietnam

Swiss hotel company Movenpick Hotels and Resorts has announced the signing of its sixth hotel in Vietnam.

The new property will be situated in the coastal city of Danang, and involves a partnership with Vicoland Group Joint Stock Company to build a 150-room hotel and 354 branded residences.

It is scheduled to open in Q3, 2019.

Mövenpick is actively pursuing development potential within Asia and is currently working towards a goal of 30 operating properties in Asia and 125 globally by 2020.

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