Development Launched for The Okura Prestige Phnom Penh in Cambodia; To Open in 2019

Hotel Okura Co., Ltd. | February 9, 2015

February 09, 2015 - TOKYO - Hotel Okura Co., Ltd. announced it will open The Okura Prestige Phnom Penh, a luxury hotel to be built in Cambodia's capital, Phnom Penh, in 2019. Hotel Okura has signed an agreement to manage the hotel with TEHO Development Cambodia Pte Ltd., a subsidiary of TEHO International, listed in Singapore. It will be the first luxury hotel in Cambodia managed by a Japanese hotelier. The hotel will be part of The Bay, a new residential and commercial complex, with an estimated value of over US$ 500 million, ideally located on the Chroy Changvar Peninsula between the Tonle Sap and Mekong Rivers, the fast-growing capit...