LullaStay research candidate · Officially launched (September 2026), first InterContinental branded residences in Northern Vietnam

The Residences at InterContinental Sapa Resort

Alphanam Group · Muong Hoa Valley, Sa Pa, Lao Cai Province, Vietnam — part of the 83-hectare Alphora Muong Hoa International Resort Complex, Muong Hoa Valley, Sa Pa, Lao Cai Province, Vietnam

Nearby: Muong Hoa Valley, Sa Pa, Lao Cai Province

Rendering of villas set into Muong Hoa Valley topography

Why LullaStay is watching

The Residences at InterContinental Sapa Resort is a real branded residences (villas) project by Alphanam Group in Muong Hoa Valley, Sa Pa, Lao Cai Province, Vietnam. LullaStay is researching it for potential fit within a professionally managed hospitality-rental strategy. Figures beyond the developer's own materials are under review.

Project characteristics

79 branded villas alongside the future InterContinental Sapa Resort [1](https://vietnamnews.vn/travel/1799156/the-residences-at-intercontinential-sapa-resort-launched.html)
Part of the 83-hectare Alphora Muong Hoa International Resort Complex developed by Alphanam Group [1](https://vietnamnews.vn/travel/1799156/the-residences-at-intercontinential-sapa-resort-launched.html)
First InterContinental branded residences in Northern Vietnam [3](https://www.vietnam.vn/en/intercontinental-branded-residences-chinh-thuc-hien-dien-tai-tay-bac-viet-nam)
Design team includes DP Architects, Avalon, SCSY and P Landscape [4](https://www.royist.com/real-estate/the-residences-at-intercontinental-sapa-resort-dp-architects/)
Hotel component designed to meet EDGE sustainability standards [4](https://www.royist.com/real-estate/the-residences-at-intercontinental-sapa-resort-dp-architects/)
Villas individually designed to respond to Muong Hoa Valley's steep mountain topography and views [4](https://www.royist.com/real-estate/the-residences-at-intercontinental-sapa-resort-dp-architects/)

Amenities advertised by the developer

Hospitality-led services from InterContinental Sapa ResortDining venuesWellness/spa accessConcierge servicesMountain and valley views

What we like

· 79 branded villas alongside the future InterContinental Sapa Resort [1](https://vietnamnews.vn/travel/1799156/the-residences-at-intercontinential-sapa-resort-launched.html)
· Part of the 83-hectare Alphora Muong Hoa International Resort Complex developed by Alphanam Group [1](https://vietnamnews.vn/travel/1799156/the-residences-at-intercontinential-sapa-resort-launched.html)
· First InterContinental branded residences in Northern Vietnam [3](https://www.vietnam.vn/en/intercontinental-branded-residences-chinh-thuc-hien-dien-tai-tay-bac-viet-nam)

What we need to verify

· STR regulations
· Management agreement terms
· Ownership structure for foreign buyers
· Rental economics
· Operating expenses
· Liquidity

Risks

· Resale and liquidity risk
· Currency exposure
· Developer pricing subject to change
· Research pending on all other risks

Pricing

Price on request

*Approx. USD based on today's exchange rate. Developer pricing subject to change.

Last updated: Sep 26, 2026

Source: No official pricing has been published; project only just launched (Sept 2026)

Pricing shown is based on publicly available project materials and/or current project marketing information. USD values are approximate and based on the current exchange rate at the time of display. Final pricing may vary.

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Project profile

Category: Watchlist
Type: Branded residences (villas)
Management: Residences to be serviced alongside the future InterContinental Sapa Resort under an IHG/Alphanam Group hotel partnership
Ownership: Research Pending
Hospitality / STR: Research Pending — short-term rental permission and operating rules not yet independently verified.

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Research status

LullaScore: Under Review
Management structure: Under Review
STR eligibility: Research Pending
Projected yield: Research Pending
Ownership / acquisition: Research Pending

No financial figures are shown until verified. Short-term rental permission and professional management have not been independently confirmed.

Project gallery

Rendering of The Residences at InterContinental Sapa Resort

Renderings © Alphanam Group, shown for research reference from the official project page. LullaStay does not own, represent, sell, manage or endorse this development and has no partnership with Alphanam Group.