MONEA Le Belhamy is a villa-first beach resort in transition. The asset has beach, grounds, spacious villas and a defensible emotional promise. The correct narrative is not "we compete on price": it's "we buy reputation during the refurbishment, then we raise prices with method." That is the strategic heart of this entire dossier.
1.1 — Master fact sheet
Legal and commercial identity
| Commercial name | MONEA Le Belhamy Beach Resort |
| Operator brand | MONEA Active |
| Umbrella brand | MONEA Hotels & Resorts |
| Local legal entity | Branch of OKVIET Co., Ltd — SBH GESTVIET (legal · not migrated) |
| Operating bank | BIDV — Hoi An Branch |
| Type | Beach resort · villa-first · medium scale |
| Status | In transition · phased refurbishment |
Location and contact
| Address | Lac Long Quan St., Ha My Dong A Ward, Dien Ban Dong Town, Da Nang City, Vietnam |
| Coordinates | 15.9533° N, 108.3210° E |
| Beach | Ha My Beach (resort beachfront) |
| Phone | +84 (0) 235 3810 555 |
| Reservations email | reception@sbhlebelhamy.com (legacy) |
| Airport | Da Nang International (DAD) · 25 min |
1.2 — Map and connectivity
Beach isolation with city connectivity. Ha My Beach sits between Hoi An (World Heritage Site) and Da Nang (international airport). Few resorts in the set have this combination.
Hoi An Old Town
12 min
~8 km
Da Nang Airport
25 min
~20 km
Marble Mountains
15 min
~12 km
My Son Sanctuary
55 min
~50 km
1.3 — History and rebranding
The asset carries history under previous brand names. Reputational traceability is critical: the digital footprint of the old name coexists with the current one.
Pre-2024 · Le BelhamyOperation under previous brand. Historical Agoda footprint: 7.1 / ~597 reviews.
Phase from which we carry mixed reviews and scattered references.
2024–2025 · SBH / RMAcquisition and operation under SBH Hotels & Resorts (RM umbrella).
Name change to "SBH Le Belhamy". Legal structure OKVIET — SBH GESTVIET.
Oct 2025 · New rate planPublic rates 20-Oct-2025 → 30-Apr-2026.
Transition pricing deliberately below the comp set.
Feb 2026 · Standard openingBlock 5 opening on 10-Feb-2026.
~20 new units added to the sellable base.
Mar 2026 · Comp set studyHoi An 2026 benchmark: 5 hotels · 3 tiers · 10 months · 180 obs.
Definition of phased pricing bands.
2026 · Rebranding to MONEASBH/RM is replaced by MONEA as umbrella and operator brand.
The hotel becomes "MONEA Le Belhamy Beach Resort".
Jul–Sep 2026 · ADR increaseRecommendation: +30% ADR from 15-Jul to 1-Sep.
Aligned with the seasonal Entry peak. First real yield window.
1.4 — MONEA Hotels & Resorts group
Le Belhamy is not sold as an isolated asset: it is part of a cross-continental portfolio of 8 brand-driven hotels, distributed across two operational clusters.
Asian cluster · 2 hotels
Vietnam
Hà My Beach · Đà Nẵng
MONEA Le Belhamy
Villa-first beach resort. Main Asian asset. Direct beachfront with villa-first inventory.
Active Under refurbishment
Hoi An
MONEA Sunrise
5★ villa resort with private pools and beachfront suites. Previously operated as Sunrise Premium Resort Hoi An. Currently closed; under acquisition.
Acquiring Closed
African cluster · 5 hotels
Tanzania · Zanzibar
Zanzibar
MONEA Cristal
Head of the African operational cluster. Main asset of the Tanzania portfolio.
Active
Pwani Mchangani · NE coast
MONEA Kilindini
5★ resort with 80 rooms in tropical garden. 58,000 m² beachfront. Previously operated as SBH Kilindini Resort.
Active
—
Logo pending
Paje · SE coast
MONEA Monica
Resort in Paje. Double Deluxe rooms + Junior Suites with King-size beds, canopy and mosquito net. Previously operated as SBH Monica Zanzibar.
Active
Paje · behind Monica
MONEA Jable
Asset under construction. Located right behind MONEA Monica, in Paje. Reinforces the operational cluster in southeast Zanzibar.
Under construction
—
Logo pending
Zanzibar
The Nest by MONEA
Operations & management contract (20% production), not asset acquisition.
To be developed
Iberian-Atlantic cluster · 1 hotel
Spain · Canary Islands
Playa Blanca · Lanzarote
MONEA Royal Monica
215-room hotel across 5 three-story buildings. Standard Double, Family and Family Sea View categories. Previously operated as SBH Hotel Royal Mónica.
Active
Brand kit on Drive: BRANDGUIDE / LOGOTIPOS + ISOTIPOS / LOGOTIPOS / SVG · 6 logos produced (Belhamy, Cristal, Kilindini, Jable, Royal Monica, Sunrise) · 2 pending production (Monica, The Nest).
Summary: 5 assets operating (Belhamy, Cristal, Kilindini, Monica, Royal Monica) · 1 under construction in Paje, Zanzibar (Jable) · 1 acquiring / closed in Hoi An (Sunrise) · 1 to be developed under management contract in Zanzibar (The Nest).
1.5 — Value proposition
1.5.1 · Core promise
A villa-first beach retreat with Vietnamese soul on the best-preserved beach between Hoi An and Da Nang. Space, calm and discovery — at the price you discover us before everyone else does.
Le Belhamy does not compete on scale with Wyndham, on aesthetics with M Village, or on brand with Victoria. It competes on a specific, underpopulated intersection: villa-first + real beachfront + local soul + aspirational value-for-money window. The promise works because no one in the Hoi An comp set covers that crossing today.
1.5.2 · The four pillars of the promise
1 · Villa, not room
Space is the unit of sale, not an upgrade. Minimum 140 m² per unit — more than the average suite of the comp set. PPSV villas reach 260 m² with a private 25 m² pool. Privacy and duplex layout are structural advantages, not extras to charge the guest for.
Fact: 7 PPSV (240–260 m² · private pool) + 5 OV + 5 ODV (160 m²) + 10 DV (140 m²) + 28 Standard + 2 Junior Suite.
2 · Real beachfront, not concession
We walk from the lounge to the sea without crossing any road. Hà My Beach is one of the best-preserved beaches on the Hoi An–Da Nang strip, without the crowding of An Bang. Direct access, not shared.
Fact: property with direct frontage to the coastline visible in the aerial photo — no easements or hotels in between.
3 · Cultural hunter's refuge
The guest wants to go to Hoi An — walk the old town, eat in the historic quarter, see the lanterns at night. But doesn't want to sleep there. Le Belhamy is the refuge they come back to after every outing: 12 minutes from Hoi An UNESCO Heritage, but with villa, sea and silence. The promise works because the guest squeezes the destination without giving up calm.
Fact: Hoi An Old Town ~8 km · DAD Airport ~20 km · Marble Mountains ~12 km · My Son 55 min.
4 · Aspirational value-for-money
During the refurbishment we operate at 0.39× the weighted benchmark of the comp set. The guest perceives high-tier product at mid-low-tier price. That asymmetry is the engine of reputational growth — the base on which we will later raise ADR without destroying the score.
Fact: LB ADR 94 USD vs weighted comp 238 USD. Booking 9.5 — the highest score in the comp set.
1.5.3 · Measurable USPs of the asset
Operational inventory
~47
units · target 137
PPSV with private pool
7
villas 240–260 m² · 25 m² pool
Min villa size
140 m²
above the set
Distance to Hoi An
12 min
8 km · UNESCO Heritage
Distance to DAD
25 min
20 km · intl. airport
Booking score
9.5
top tier comp set
1.5.4 · What's included in the experience
F&B and water
- Breakfast included (buffet or set menu)
- 2 restaurants + pool bar
- 2 pools (organic central + pool 2 facing villas)
- Spa with wellness module
Mobility and surroundings
- Internal buggy circulation
- Free access to pools and beach
- Daily cleaning
- Airport transfer service
Wellness and sport
- Tennis court · unique differentiator in the set
- Mini gym
- Spa with treatments
- Beachfront for sport/yoga at dawn
1.5.5 · Reasons to believe — the social proof
What the reviews say
- Booking 9.5 · 77 reviews — the highest score in the Hoi An comp set.
- Agoda 9.0 · 120 reviews (new trail).
- Tripadvisor 4.2 · Google 4.0.
- Trip.com live (see ch. 1.8).
- Recent reviews highlight: calm, staff, sense of discovery.
What the operational data says
- Feb 26 revenue: 50,052 USD.
- Feb OCC: 60% · Mar forecast 62%.
- Feb ADR: 93.78 USD — transition pricing.
- Distribution: 80% Booking — solid base to scale direct channel.
- Block 5 opening (10-Feb-2026) already integrated and profitable.
1.5.6 · Differentiator vs each competitor
| Competitor | Their strong card | What MONEA Le Belhamy has and they don't |
| Wyndham | 566 rooms · global brand · scale | Human mid-scale · private villa · no transit-resort feeling |
| Palm Garden | Consolidated premium · 216 rooms · 5 ha garden | Accessible rate for the same guest · private pool in PPSV |
| Victoria | Local Indochine resort · 109 rooms · monetization beacon | Real beachfront (Victoria is in An Bang) · tennis court |
| M Village | Aesthetic beacon · strong cultural narrative | Direct beachfront (M Village is not a beach hotel) · villa with private pool |
| The Pearl | Family resort · 588 rooms · massive facilities | Calm · intimacy · double destination · highest score |
Reading: the asset covers five different competitive gaps. No competitor has all five at once. That's the window we have to sell in.
1.5.7 · The Hoi An ↔ Le Belhamy duality
By day: cultural hunter in Hoi An
The guest does want to go and live Hoi An — walk the old town (UNESCO Heritage), eat bún bò huế, see the lanterns at night, the tailors, the workshops. That's half the reason they come to Vietnam.
Operational implication: shuttle, transfers, concierge recommendations, Hoi An by night packages.
By night: refuge at Le Belhamy
But they don't want to sleep in Hoi An. They want to come back to the hotel and feel they have arrived somewhere. Spacious villa, pool, sea breeze, silence. Le Belhamy is the cultural hunter's base camp — the place you return to rest after squeezing the destination.
Brand implication: the narrative is not enclosed resort, it's retreat-after-discovery.
"Hoi An is lived. Le Belhamy is rested." — the guest wants both, not just one.
1.5.8 · What we are NOT · positioning clarification
Anti-patterns
- Not a mega-resort like Wyndham (566 rooms) or Palm Garden (216) — human scale, not industrial.
- Not competing on scaled facilities like The Pearl (massive kids club, retail, halls for 1,000 pax).
- Not selling closed luxury like Aman / Six Senses / Amanoi — that's not our tier or our price.
- Not dependent on the umbrella brand to sell — the guest returns for the experience, not for Wyndham Rewards loyalty.
- Not betting on cheap group-leisure or volume TTOOs — that destroys the target ADR.
- Not a closed resort that tries to replace Hoi An — on the contrary, we are the complement that makes it livable: the guest goes out to the destination and comes back to the refuge.
1.5.9 · Candidate claims · raw material for campaigns
Villa axis
"A villa for every arrival."
Space as the unit of sale, not as an upgrade.
Destination · base camp axis
"Hoi An is lived. Here is rested."
12 minutes from Heritage. 0 minutes from the sea.
Calm axis
"The beach no one has told you about yet."
Hà My as discovery — before everyone knows.
Soul axis
"Hotels with soul. And with villa."
MONEA tagline + asset differentiator.
Value-for-money axis
"Discover it now. Later, the price will be different."
2026 window before repositioning.
Villa + pool axis
"Your sea inside and outside the villa."
PPSV only — High tier lever.
1.5.10 · Who this promise works for
The proposition fits four specific profiles (developed in chapter 10 — Buyer personas). In order of operational priority: value-for-money getaway couples, small families that value space and calm, premium villa or celebration guest (PPSV), and cultural Hoi An lover guest. The first two sustain the P&L today; the last two are the ADR-uplift lever as the refurbishment progresses.
1.6 — Brand pillars
Beach retreat
Ha My Beach: one of the best-preserved beaches on the strip, without the crowding of An Bang.
Fact: direct beachfront, no urban separation.
Villa-first product
Space is the unit of sale. 140 m² is our minimum. Privacy and private pool as structural advantages.
Fact: 7 PPSV units of 240–260 m².
Local soul
Hoi An is Heritage. Our story fits with craft, cuisine, legacy. M Village is our aesthetic beacon.
Fact: cultural integration by proximity and F&B curation.
Aspirational value-for-money
During the transition, high-tier product at mid-low-tier price. It's the reputational base.
Fact: 0.39× of the weighted benchmark.
1.7 — Competitive positioning map
X: identity (boutique-local ↔ mega-resort). Y: ADR. Size: inventory.
Hoi An 2026 — bubble map
The quadrant we are in vs. the one we want to occupy
- We are in the "cheap boutique-local" quadrant: correct during refurbishment, wrong at 18 months.
- The space we want to occupy is Victoria's: strong local identity + mid-high monetization.
- Wyndham and Palm are ceiling references, not targets.
1.8 — Online reputation · live comp set
Live Trip.com scores (script scripts/update_scores.py) plus manual Booking, Agoda, Tripadvisor and Google. Simple and review-weighted average for each hotel of the comp set.
| Hotel | Booking | Agoda | Tripadvisor | Google | Trip.com | Simple avg /10 | Weighted avg /10 | Total reviews |
|---|
| MONEA Le Belhamy | 9.5/10 · 77 rv | 9.0/10 · 120 rv | 4.2/5 | 4.0/5 | 9.1/10 · 8 rv LIVE | 8.8 | 9.19 | 205 |
| Grand Signature by M Village | 9.0/10 · 838 rv | — | — | — | 9.2/10 · 137 rv LIVE | 9.1 | 9.03 | 975 |
| Palm Garden Beach Resort & Spa | 9.3/10 · 1519 rv | — | — | — | 9.1/10 · 126 rv LIVE | 9.2 | 9.28 | 1,645 |
| Victoria Hoi An Beach Resort & Spa | 9.2/10 · 438 rv | — | — | — | 9.1/10 · 111 rv LIVE | 9.15 | 9.18 | 549 |
| Wyndham Hoi An Royal Beachfront | 8.5/10 · 826 rv | 8.7/10 · 1669 rv | — | — | 8.9/10 · 206 rv LIVE | 8.7 | 8.65 | 2,701 |
| The Pearl Hoi An | 8.2/10 · 601 rv | 8.5/10 | — | — | 8.2/10 · 311 rv LIVE | 8.3 | 8.2 | 912 |
Last update: 2026-05-07 08:25 UTC · Trip.com live · Booking/Agoda/Tripadvisor/Google manual (edit data/scores_manual.json)
Critical action · digital footprint
The historical Agoda trail (7.1 / ~597 reviews under old naming) coexists with the new trail. As long as the "MONEA Le Belhamy" naming is not consolidated across all channels, the online conversation fragments. This is the lever with the best ROI in distribution right now.
1.9 — Quick comparison with the comp set
Attribute
MONEA Le Belhamy
M Village
Victoria
Palm Garden
Wyndham
Type
Villa
Cultural
Local
Premium
Mega-resort
Beachfront
Yes
No
Yes
Yes
Yes
Inventory
~47
~80
109
216
566
Mid ADR (USD)
72
138.7
218.7
242.5
178.2
High ADR (USD)
156
205.8
326.7
598.3
644.6
Booking score
9.5
9.0
9.2
9.3
8.5
Role in the set
Value gap
Aesthetic beacon
Mirror
Premium
Ceiling
Conclusion: we have the best score and the worst ADR. That is exactly what makes repositioning possible.