A 300-room luxury hotel that Singapore’s Oxley Holdings will build in Phnom Penh is slated to be the first Shangri-la hotel in Cambodia.
This was revealed at the signing of a Memorandum of Understanding (MOU) between Oxley Gem (Cambodia) and Shangri-La International Hotel on Thursday (Oct 23), whereby the luxury hotel operator will get a 60-day exclusivity period to negotiate the management of the hotel.
According to Oxley, construction of the hotel, which will be part of a new mixed-use development located along the Mekong River facing Diamond Island, is slated to start next year. The hotel will likely open in 2019.
Source : Channel NewsAsia – 23 Oct 2014