InterContinental Hotels Group (IHG) has signed a management agreement with Europe Trading Investment Company Limited for the 150-key Hotel Indigo Saigon The City.
The new-build hotel will open in District 1's Ly Tu Trong Street in the Ba Son neighbourhood, and will be 6km away from the airport.
A street-front neighbourhood cafe serving Vietnamese-inspired cuisine using locally sourced ingredients will also feature as part of the hotel.
The neighbourhood, previously an arsenal compound in the city's port, is home to an assortment of local cafes, restaurants and shops. Famed attractions such as the Saigon Opera House and Saigon Notre-Dame Basilica are also a short distance away.
For corporate groups, the hotel offers three meeting rooms.
IHG currently operates three Hotel Indigo hotels across South-east Asia including Hotel Indigo Bali Seminyak Beach, which launched in 2017.
IHG will continue to expand its upscale lifestyle portfolio in the region with a further nine Hotel Indigo properties in the development pipeline over the next three to five years.
In Vietnam, Hotel Indigo Saigon The City is the first of several properties under the brand to be launched, with Hotel Indigo Phu Quoc Starbay to follow in 2021.