Construction work is underway for the rehabilitation of the Monorom Hotel on Monivong

Boulevard. The project to modernise the hotel is being undetaken by Malaysia-based

Antara Holiday Villas, a subsidiary of the Advance Synergy Group.

Initially, Antara plans to rennovate the existing six-story structure. Long term

plans include the construction of an additional 12 stories for hotel rooms behind

the present building.

The entire project, when completed, is estimated to cost US$18 million. The Advance

Synergy Group sees the investment as an initial effort in the Indochina region, with

subsequent business ventures in Cambodia possible in the years ahead.

Antara Holiday Villas currently operates four hotel properties throughout Malaysia

with two new hotels to open in the next two years.