Logo of Phnom Penh Post newspaper Phnom Penh Post - Diamond leasee takes over Sukhalay

Diamond leasee takes over Sukhalay

Diamond leasee takes over Sukhalay

T HE leasee of the Diamond Hotel Ouy Soeung has announced he is also taking over another government owned hotel, the Sukhalay, which is virtually next door on Monivong Boulevard.

The seven-storey Sukhalay had been closed down for the last three months after the previous leasee, Po Chev Hak, left unexpectedly, said Seoung. The new leasee believes Hak is now in the United States.

Seoung says he will spend $1.8 million of his own money to completely refurbish the Sukhalay and will rename it the Diamond II.

He was speaking on Aug 7 after signing a 25-year lease contract at the Council of Ministers.

Under the deal he will pay $15,000 rent to the government in the first 15 years and $18,000 in the last 10 years.

The courteous and affable Soeung said he wants to refurbish and enlarge the Sukhalay's 80 rooms to modern international standards.

Workmen are currently removing all the old fittings from the Sukhalay.

"Though there are many hotels already in Phnom Penh, most of those hotels are nearly the same as guest houses. They are not comfortable and not equipped with the fashionable internal fittings and the price of the room is cheap - just for local people," Soeung said

He said it was too soon to say what rates he would charge for rooms or when the hotel would reopen.

But Seoung has high hopes that the Diamond II will turn a profit by catering to businessman drawn to Cambodia by an investment boom.

He also said that he had not detected any drop in tourist numbers due media coverage of the Western hostage incidents.

The Royal Government has retained control of a number of prime hotels, including the Grand in Siem Reap after inheriting them from the State of Cambodia regime.

Seoung is also a marketing representative for Cambrew, the makers of Angkor Beer.

The entrepeneur said he made his fortune after living as a commoner in the capital and surviving the Pol Pot years.

MOST VIEWED

  • Proof giants walked among us humans?

    For years a debate has waged about whether certain bas relief carvings at the 12th-century To Prohm Temple, one of the most popular attractions at the Angkor Wat Temple Complex in Siem Reap province, depicted dinosaurs or some rather less exotic and more contemporary animal,

  • Japan bank buys major stake in ANZ Royal Bank

    Japan's largest bank acquired more than half of ANZ’s shares in Cambodia on Thursday, according to a statement from Kith Meng’s Royal Group. Japan's JTrust Bank, announced that they had acquired a 55% of stake in ANZ Royal Bank. According to a Royal Group

  • Long way to go before Cambodia gets a ‘smart city’

    Phnom Penh, Siem Reap and Battambang will struggle to attain smart city status without adopting far reaching master plans, according to officials tasked with implementing the program. The brainchild of the Association of Southeast Asian Nations (Asean), the smart city program seeks to link up

  • China-Cambodia tourism forum held

    The Cambodian tourism sector must be prepared to welcome a growing number of Chinese tourists, as they lead the globe in the number of outbound travellers and were responsible for the most visitors to the Kingdom last year, the country’s tourism minister said on