Almost three years after anti-Thai rioters destroyed the Royal Phnom Penh Hotel,
businessman Supachai Verapuchong has submitted a $25 million blueprint for
building a new five-star hotel on the site.
The new hotel will have 240
rooms, six convention rooms and a sports complex, and it is expected to take two
years to build.
The proposal is a joint venture between the Sofitel
Phokeethara Convention, Resort and Spa with the Accor Group of France.
Supachai called on the Cambodian government to assure foreign investors
of security and stability, after the January 2003 anti-Thai riot caused an
estimated $47 million damage to businesses.