CBRE is working with a fund managed by Ares Management Corporation to explore “strategic options” for the Hyatt Regency Da Nang Resort and Spa, according to an April 8 announcement by the commercial real estate services and investment firm.
The Ares fund, which acquired the asset in 2022, is “said to be evaluating a range of strategic options” including renovation, refurbishment, rebranding and divestment, reads the announcement by CBRE.
CBRE says in its statement that it “is said to be assisting Ares as an adviser in the sale process”.
New York-listed Hyatt Hotels officially opened the resort in October 2011. Situated along one of Da Nang’s most sought-after beachfront stretches, the Hyatt Regency Da Nang is one of the largest internationally branded beachfront resorts in Vietnam, with 410 keys across a 20ha site and nearly 600m of prime beachfront frontage.
Vietnam emerged as Asean’s fastest-growing tourism market in 2025 and the third-most-visited destination in Southeast Asia, recording 21.2 million international arrivals.
Da Nang has been a key beneficiary of this growth, welcoming 7.6 million international visitors in 2025, up 25% y-o-y, supported by strong domestic demand and expanding international air connectivity.
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These tailwinds have translated into record-breaking performance at the Hyatt Regency Da Nang, says CBRE.
“If brought to market, the asset offers a unique opportunity to gain exposure to the thriving Vietnam hospitality sector through a keystone asset, and comes with significant value-add potential through repositioning, brand optimisation and future development,” says Steve Carroll, head of hotels and hospitality, capital markets, Asia Pacific for CBRE.
