The Sofitel Group, which has managed the Hotel Cambo-diana since 1992, will end
its contract with the hotel from March 2001, according to a source within Sofitel
who declined to be named.
"Management made the decision," said the source without further comment.
The Cambodiana, owned by Cambodiana Investment Singapore Private Ltd, maintained
high occupancy during the UNTAC years and immediately afterwards. But competion saw
occupancy rates at the Cambodiana drop in the late 90s.