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From the ashes

| Publication date 23 September 2005 | 07:00 ICT

From the ashes

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.

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