Logo of Phnom Penh Post newspaper Phnom Penh Post - Japanese chain to open hotel in 2015

Japanese chain to open hotel in 2015

Building work continues on the new Japanese business hotel (left, with green cladding).
Building work continues on the new Japanese business hotel (left, with green cladding). Hong Menea

Japanese chain to open hotel in 2015

Budget business hotel group Toyoko Inn hope to draw East Asian businesspeople and travellers to Phnom Penh

The Toyoko Inn, which is a joint venture between the Overseas Cambodia Investment Corporation (OCIC) and a Japanese budget, business hotel chain, is slated to open in May 2015. OCIC project manager Touch Samnang said that construction of the Toyoko Inn has reached 23 floors since building started on December 12, 2012. More than 300 rooms are now being outfitted.

Meanwhile, he said, the total cost for the investment in land and construction totalled some $14 million, excluding hotel fittings. Toyoko Inn Co Ltd was established in 1986, and the name of the company is a combination of the names of the Japanese neighbouring cities Tokyo and Yokohama. From the 1990s onwards the company has expanded rapidly, though the majority of its branches are in Japan.

“We expect that this hotel will be successful due to the location and the surrounding environment, plus the fact that the Toyoko Inn group is known as the No 1 hotel chain in Japan,” said Samnang.

Built on 1,223 square metres of land and located on the road to Diamond Island (Koh Pich), the location is good for guests. Luu Meng, president of the Cambodia Hotel Association, said so far this year up to six hotels had been approved, with up to seven due to open later this year.

He added that the association was still waiting for Toyoko Inn to formally apply to the association.

Ho Vandy, co-chair of the Tourism Working Group at CATA, said there was a lack of a supply of three-star, budget business hotels during the high season from October to February.

“Toyoko Inn has invested here due to the political stability and growth in the tourism sector and associated services,” he added. Norimasa Nishida, president of Toyoko Inn, said during the groundbreaking ceremony at the end of 2012 that this was Toyoko Inn’s first venture in Cambodia. “I am running 240 hotels in Japan and also countries such as Korea and China, but this is the first time that I have run a business in Cambodia,” he said at the time.

Nishida added: “We are interested in Southeast Asia, and our company is interested in Cambodia.”

He added that his hotel chain was also interested in Cambodia due to the increasing numbers of foreign investors entering the market, a trend that is likely to continue, looking ahead to economic integration with the Association of Southeast Asian Nations (Asean) next year.

“I hope that most of my guests come from East Asia,” said Nishida. “They will spend money in Cambodia, [and] we will construct more hotels in Siem Reap if business runs well.”

MOST VIEWED

  • Cambodia maintains 'Kun Khmer' stance despite Thailand’s boycott threat

    Cambodia has taken the position that it will use the term "Kun Khmer" to refer to the sport of kickboxing at the upcoming Southeast Asian (SEA) Games, and has removed the term Muay from all references to the sport. Despite strong reactions from the Thai

  • Chinese group tours return to Cambodia starting Feb 6

    Cambodia is among 20 countries selected by Beijing for a pilot programme allowing travel agencies to provide international group tours as well as flight and hotel packages to Chinese citizens, following a three-year ban. As the days tick down until the programme kicks off on February 6,

  • Capital-Poipet express rail project making headway

    The preliminary results of a feasibility study to upgrade the Phnom Penh-Poipet railway into Cambodia’s first express railway indicate that the project would cost more than $4 billion and would take around four years to complete. The study was carried out by China Road and

  • Thai boxers to join SEA Games’ Kun Khmer event

    The Cambodian SEA Games Organising Committee (CAMSOC) – together with the Kun Khmer International Federation (KKIF) and Khmer Boxing Federation – have achieved a “great success” by including Kun Khmer in the upcoming biennial multi-sports event on its home soil for the first time, said a senior

  • Bullets to bracelets: Siem Reap man makes waste from war wearable

    Jewellery is often made from valuable gemstones like emeralds or diamonds and precious metals like gold or silver, or valueless things like animal horns. But a man in Siem Reap has approached the manufacture of delicate pieces from a different angle. His unique form of

  • 61% of 2022 imports came from just 3 markets

    The three largest exporters to Cambodia – mainland China, Vietnam and Thailand – accounted for 60.94 per cent of the Kingdom’s total merchandise imports last year, at $18.245 billion, which was up 11.99 per cent over 2021, according to the General Department of Customs and Excise. Cambodia’s total imports