The Lux Collective has signed a hotel management agreement with P Q Hai Quoc Joint Stock Company to build a luxury overwater resort on the island of Phu Quoc in Vietnam.

The property will open under the group’s Lux Resorts & Hotels arm and is expected to open in late 2024.

LuxNam Phu Quoc will sit above the shallow waters and coral reefs of Kien Giang Biosphere Reserve offering both beach and tropical jungle, with two main areas connected by a four-kilometre jetty over the lagoon. The brand said the resort would be “dragon-shaped” and feature a modernist Maldivian style.

The property will feature 126 villas, including 109 overwater villas, most of which feature private pools, as well as 13 beach pool villas, two penthouses and two beachfront pool mansions.

Overwater villas range in size from one to five bedrooms and are set on stilts above the water.

LuxNam Phu Quoc will also offer restaurants, a spa and fitness centre, four swimming pools and a children’s playground.

The Lux Collective said the resort would reflect the group’s “sustainability DNA” and would be ideal for those seeking “renewal, slow living and a holistic approach to wellbeing and creative dining.

"We are honoured to partner with the P Q Hai Quoc Joint Stock Company to manage this new build overwater resort located on the remote northern coast of Phu Quoc, which is adjacent to a Unesco-listed Biosphere Reserve spanning over 314,000 square metres of unique flora and fauna, evergreen forest and dense mountain range,” said The Lux Collective chief executive Paul Jones.

“Inspired by the iconic Maldivian-style overwater resorts, this is a first for Vietnam and the region.”

Duy Tran, chief executive of P Q Hai Quoc Joint Stock Company, added: "We are delighted to be the first strategic partner of The Lux Collective in Southeast Asia. Collaborating on the Lux flagship luxury brand, we envision LuxNam Phu Quoc to become one of Southeast Asia’s top luxury resort destinations with its unique overwater design and extraordinary experiences.

“The tropical modernist resort, designed around sustainability, will showcase natural beauty from every room to inspire the most discerning traveller looking for a natural escape, exquisite design and conscious travel.”

The Lux Collective currently manage 16 resorts and hotels in Mauritius, Mauritius, China, Maldives and Ile de la Reunion, and has 12 more hotels in its development pipeline in Southeast Asia, China, Europe and Middle East.