InterContinental to Open Vietnam's Tallest Hotel in 2011

. October 14, 2008

JUNE 12, 2008. IHG strengthens its commitment to Vietnam by announcing the addition of InterContinental Hanoi Landmark - set to be Vietnam's tallest hotel - to its growing list of InterContinental Hotels & Resorts under development. The company has signed an agreement with Korea-based Keangnam Enterprises to develop the brand new luxury hotel in the center of West Hanoi. Scheduled to open in early 2011, InterContinental Hanoi Landmark will offer 383 rooms and suites and 300 serviced residences, occupying the upper floors of the 70-story, 1,102-foot Keangnam Hanoi Landmark Tower. The development is expected to be among the 20 tallest buildings in the world.

InterContinental Hanoi Landmark will be strategically located in the center of the capital city's new commercial, business, entertainment and retail district and a short walk from Hanoi's new National Convention Centre. It will be part of a major US$1 billion, 495,000+ square foot city center complex with premium apartments, offices and retail outlets.

The hotel's atrium lobby, restaurants and bars will be located on floor 60, offering panoramic city views. Private lifts will lead to guest rooms and suites from floors 59 to 69 and on to the world's highest Club InterContinental lounge located on the top floor. Other hotel features will include a large outdoor resort-style pool with outdoor function space on the ground level, a state-of-the-art meetings center and a fitness club.

When completed, InterContinental Hanoi Landmark will also be one of the world's tallest hotels. It will join the ranks of InterContinental Doha West Bay in Qatar, a 60-story hotel opening in 2009, and InterContinental Nanjing in China, part of a 1,414-foot tower opening in 2010.

"With five hotels and close to 2,200 rooms under development, IHG is one of the fastest growing international hotel operators in Vietnam," said Jan Smits, chief operating officer, Southern Asia and Korea, IHG Asia Pacific. "InterContinental Hanoi Landmark will be a significant addition to IHG's growing presence in this market. Our involvement in this project is a further indication of IHG's commitment to Vietnam."

"We are delighted have IHG manage this iconic hotel under its prestigious InterContinental brand and we look forward to creating a market-leading product that meets the demands of the increasingly sophisticated traveler to Hanoi," said Lee Young, executive managing director, Keangnam Enterprises. "InterContinental Hanoi Landmark will stand out as an exceptional hotel in the new center of Vietnam's thriving capital and we are confident it will quickly build a global reputation for excellence."

InterContinental Hotels & Resorts has two other properties under development in Vietnam - InterContinental Asiana Saigon in Ho Chi Minh City and InterContinental Danang Resort. Both are scheduled to open in 2009. InterContinental Hanoi Westlake, IHG's first hotel in Vietnam, opened in December 2007. IHG also has four Crowne Plaza hotels under development in Hanoi, Danang and Nha Trang.

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