Artist's impression of the Kenton Node Hotel Complex

Mövenpick Hotels & Resorts have announced the signing of a new property in Ho Chi Minh City.

The development will boast 288 hotel rooms and 527 serviced apartments, with an extensive collection of upscale business and leisure facilities.

The project will be a centrepiece of the Kenton Node Hotel Complex, an 84,000 square metre development rising on the Rach Dia river bank, just 10 minutes downtown from Ho Chi Minh City. The Kenton Node complex will feature high-end retail malls, restaurants, cinemas, leisure facilities, office spaces, residential units, a riverside promenade and parks.

Over the next few years, Mövenpick intends to launch a series of new hotels and resorts across Vietnam. They currently operate a hotel in the country’s capital Hanoi but have plans to launch in Cam Ranh, Phu Quoc, Quy Nhon, Quang Binh, Danang and Lang Co.

Recently, AccorHotels signed an agreement to purchase Mövenpick Hotels and Resorts for 560 million Swiss francs (NZD 800 million).