Hotel Okura to Open Luxury Property in Phnom Penh
February 08 2016 - 1:00AM
Business Wire
— First Japanese luxury hotel in Cambodia —
Hotel Okura Co., Ltd. announced today that it signed a contract
with TEHO Development Cambodia Pte Ltd. to develop and manage The
Okura Prestige Phnom Penh, a luxury hotel to be opened in
Cambodia’s capital in 2019. Hotel Okura will be the first Japanese
hotelier to enter the luxury market in Cambodia, a rapidly growing
market for both business and leisure travel.
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Rendition of The Okura Prestige Phnom
Penh (Photo: Business Wire)
The new hotel will position Hotel Okura to better serve this
robust market and aid in Hotel Okura’s push to expand its group
portfolio past 100 hotels worldwide. By 2018, the company plans to
open Okura Hotels & Resorts’ hotels in Cappadocia and Manila,
as well as Nikko Hotels International’s hotels in Taizhou and
Bangkok.
“We are greatly honored to bring our hotel to Phnom Penh,
Cambodia’s vibrant center of economy and commerce and a hub between
Ho Chi Minh City and Bangkok,” said Toshihiro Ogita, President of
Hotel Okura. “We hope that visitors and locals alike will love The
Okura Prestige Phnom Penh and that our brand will flourish
alongside the people of Cambodia and ASEAN.”
According to Cambodia’s Ministry of Tourism, the number of
international visitors hit an all-time high of 4.5 million people
in 2014. In December of 2015, ASEAN established the ASEAN Economic
Community to create an integrated market of US$2.6 trillion and
over 622 million people. As an ASEAN member state, Cambodia is
aggressively promoting economic development and setting up Special
Economic Zones to attract foreign companies, especially in Phnom
Penh.
The 40-story, 250-room hotel will be part of The Bay, a
residential and commercial complex being built between the Tonle
Sap and Mekong Rivers on the Chroy Changvar Peninsula. The
location, which is just 17 kilometers (10.6 miles) or about 20
minutes’ drive from Phnom Penh International Airport, will provide
the hotel with expansive views of the city and the Royal
Palace.
The contract is based on an agreement Hotel Okura signed in
February 2015 with TEHO Development Cambodia, a subsidiary of
Singapore-listed multinational solutions provider TEHO
International. The contract will be transferred to Okura Nikko
Hotel Management Co., Ltd., a subsidiary that manages the group’s
hotel operation.
About Hotel Okura
Hotel Okura Co., Ltd. has extensive business operations in the
hospitality related industries, such as asset ownership, consulting
business on the hotel development and operation and is also
involved in the business of Okura Nikko Hotel Management Co., Ltd.,
which operates three hotel groups, including Okura Hotels &
Resorts with 26 member hotels, Nikko Hotels International with 37
member hotels and Hotel JAL City with 11 member hotels. Please
visit http://www.okura.com/ for more information.
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Hotel Okura Co., Ltd.Ms. Shoko Amano or Mr. Ryutaro Suzuki,
+81-3-6864-2729Public Relationspr@hotelokura.co.jp