Logo of Phnom Penh Post newspaper Phnom Penh Post - Raffles wins the Royal

Raffles wins the Royal

Raffles wins the Royal

T OURISM Minister Veng Sereyvuth announced today that Raffles International has been selected to redevelop the Grand Hotel in Siem Reap, a project costing $30 million.

Raffles had previously won the deal to manage and develop the Royal Hotel in Phnom Penh.

Raffles' combined investment in Cambodia with these two prestigious hotels now stands at $55 million.

The Royal, a sister hotel of the Grand, was built in 1927.

"As with the Royal Hotel, the object (of the Grand Hotel deal) was to preserve the character and restore the past grandeur of the hotel while providing modern amenities and facilities required of an historic hotel," Mr Sereyvuth said.

Raffles will also be landscaping adjacent parklands which will extend from the hotel to the Royal residence and across to the river.

"The government has negotiated a 60-year lease arrangement under which we receive a substantial premium, percentage of revenue, profit share and in the second term a share in the equity of the project," the minister said.

"The Grand and the Royal fit neatly into our strategic plan to develop a chain of international hotels in the exclusive grand historic market niche pioneered by the Raffles, Singapore," said Richard Helfer, Raffles' chief executive officer.

MOST VIEWED

  • Two luxury hotels latest quarantine options for inbound travellers

    The Inter-Ministerial Committee to Combat Covid-19 has designated two luxury hotels as alternative quarantine options for travellers who wish to enter Cambodia through Phnom Penh International Airport – Sokha Phnom Penh Hotel & Residence and the Courtyard by Marriott Phnom Penh. In a notice detailing guidelines issued

  • Visa A holders get to quarantine at Himawari Hotel

    The Ministry of Health has permitted foreign diplomats, UN and International NGO officials to undergo quarantine at Himawari Hotel in the capital in case they do not have a separate place suitable for this purpose, but the government would not be responsible for the expenses.

  • Baby saved as mother is lost to Covid

    Newborn baby Neth David has had a rough start in the world. His mother, Vong Daneth, was seven months pregnant when she contracted a severe case of Covid-19. When it became clear to her doctors that she would not survive, they performed a cesarean section

  • Jabs for kids bring hope for school reopenings

    Cambodia is tentatively planning to reopen schools – at least at the secondary level – when the vaccination of children aged 12-17 is completed, even though daily transmissions and deaths in other age groups remain high. Schools across the country have been suspended since March 20, one month

  • Governor: Covid subsides in capital

    Phnom Penh municipal governor Khuong Sreng said the Covid-19 situation in the capital’s 14 districts has eased, with only two districts still recording a high number of infections. “Transmission cases in all districts are dropping, though they are relatively higher Meanchey and Por Sen Chey.

  • Hun Sen: Get 12-17 age group ready for Covid jabs

    Prime Minister Hun Sen has told parents of children aged 12-17 in Phnom Penh and the provinces of Kandal and Preah Sihanouk to get them ready for vaccinations soon. “There is a need to vaccinate children and youths aged 12 to 17. According to the statistics provided