Hanoi, Vietnam, 11 June 2026 - The Ascott Limited (Ascott), the lodging business unit wholly owned by CapitaLand Investment (CLI), has strengthened its strategic partnership with Sun Group through the signing of four new hospitality projects in Ho Chi Minh City and Phu Quoc, further reinforcing Ascott’s presence in Vietnam’s key tourism and gateway markets. The latest additions comprise the first property in South Vietnam to debut under The Crest Collection, alongside a large-scale multi-brand integrated hospitality development in Phu Quoc comprising Ascott, lyf, and HARRIS. Together, the projects reflect both parties’ shared ambition to shape Vietnam’s evolving hospitality landscape through differentiated concepts, elevated guest experiences, and destination-led developments. With this signing, Ascott’s portfolio in Vietnam now totals 40 properties and over 10,100 units across operational and pipeline developments. The Crest Collection Debuts in Ho Chi Minh CityScheduled to open in 2028, The Crest Collection property will feature 146 keys, marking another milestone in the expansion of The Crest Collection in Asia. Known for its collection of bespoke hospitality experiences, every property under The Crest Collection is designed to captivate and enthuse those who seek not just to experience a destination but be immersed in its unique stories. The Crest Collection property enjoys a prime address within Ho Chi Minh City’s leading commercial, hospitality, and lifestyle district, in close proximity to key landmarks such as Nguyen Hue Walking Street, Saigon Opera House, and Ben Thanh Market, as well as luxury hotels, Grade A office towers, upscale dining venues, and premium retail destinations. Seated in an area widely regarded as the city’s premier luxury district, the property is conveniently supported by strong connectivity via major arterial roads and Metro Line 1. Well positioned to cater to business travelers, affluent leisure guests, diplomatic visitors, and long-stay residents seeking refined hospitality experiences, on-site facilities will include an all-day dining restaurant, café bar, reading room and executive lounge, and a fitness center. Phu Quoc Hillside Development introduces Three Distinct Hospitality BrandsBuilding on continued momentum, the Phu Quoc Hillside Development will introduce three hospitality brands under Ascott within a large-scale integrated development located in Sunset Town, An Thoi Ward, South Phu Quoc. Set within within the Ong Quan Mountain precinct, the multi-brand development places guests within easy reach of Phu Quoc’s key tourism and lifestyle landmarks including Bai Kem Beach, Sun World Hon Thom, Phu Quoc International Airport, and the rapidly developing Sunset Town and
