The upcoming hotel, voco Scenia Bay Nha Trang, will be located in the city center, an hour's drive from Cam Ranh International Airport.
It will overlook Nha Trang's beach and offer convenient access to local attractions such as Ponagar Temple, Vinh Hai Market, nearby marinas, and renowned mud spas.
Khanh Hoa Province is targeting 11.8 million overnight visitors this year, including 5.2 million international arrivals, and aims to generate VND60 trillion (US$2.3 billion) in tourism revenue.
IHG, which owns 19 brands including InterContinental and Holiday Inn, currently operates more than 6,600 hotels across over 100 countries and territories.