Logo of Phnom Penh Post newspaper Phnom Penh Post - Siem Reap hotel gets new owner

Siem Reap hotel gets new owner

Siem Reap hotel gets new owner

Minor Hotel Group Ltd (MHG), a wholly owned subsidiary of Thailand-listed Minor International Public Company Limited (MINT), has acquired majority ownership of Siem Reap-based Sothea Boutique Resort to strengthen MINT’s presence in Southeast Asia.

According to a filing with the stock exchange last Thursday, MINT, a company that operates hotels under brands including Anantara, Marriott and Four Season, bought an 80 per cent stake in Sothea, while the remaining 20 per cent belong to a Cambodian owner.

After the $6.4 million deal, the Sothea Resort will be rebranded Anantara Angkor Resort & Spa later this year, MHG said in a statement.

According to its website, MINT is a hotel owner and operator with over 10,000 rooms across more than 80 hotels, resorts and serviced suites. It operates in 12 countries: Australia, China, Indonesia, Kenya, Malaysia, the Maldives, New Zealand, Sri Lanka, Tanzania, Thailand, the United Arab Emirates, and Vietnam.

MOST VIEWED

  • Malaysia MP accused of ‘influencing law’

    Malaysian Member of Parliament (MP) Larry Sng arrived in Siem Reap early on Wednesday, in what was slammed by one NGO as efforts by Kuala Lumpur to “influence Cambodian law”. The Malaysian Embassy in Phnom Penh requested on January 30 “cooperation from the Ministry of Foreign

  • Ministries begin measures to offset EU’s EBA decision

    In the wake of the EU’s controversial announcement this week that it has begun the withdrawal process for Cambodia’s Everything But Arms (EBA) preferential agreement, government ministries and political analysts continued to share their reactions and economic mitigation plans in preparation for the

  • Emirates launches route connecting Phnom Penh, Bangkok

    Emirates will launch a daily service on June 1 linking Phnom Penh (PNH) and Bangkok (BKK). The service from Phnom Penh to Dubai, via Bangkok, will provide more flight options to passengers travelling between the capitals of Cambodia and Thailand. Travellers from the Southeast Asian nations

  • US Embassy urged to stop ‘disrespecting sovereignty’

    The Ministry of Foreign Affairs and International Cooperation called on the US Embassy in Phnom Penh on Saturday to respect the Vienna Convention on Diplomatic Relations after it called former opposition leader Kem Sokha “an innocent man” – a move deemed to be “disrespecting Cambodia’s