Sihanoukville Seeing an Influx of Five-star Hotel Investment

• 8 November 2018
• Local News
• 2852 Views

Photo by Derek Watson

While Sihanoukville is experiencing room shortages, investment in five-star hotel projects is rapidly rising, bringing thousands of rooms for this tourism city.

Within the first week of November 2018, the Council for the Development of Cambodia (CDC) approved five five-star hotel projects, equivalent to about 3,000 rooms.

The projects include Qin Yue Garden Hotel, Prince Huan Yu Real Estate, Xin Hao Entertainment, TJN Properties, and Ling XiuInt’s, with a total investment capital of up to more than US$400 million.

These five-star hotel and resort projects will be built across different locations in Sihanoukville including Sangkat Ream, Sangkat 3 and Sangkat 4.

According to CDC’s Facebook post, each hotel will create hundreds of jobs for the province. As shown in our table, this US$423 million investment will create up to 3,679 jobs for the city.

• Projects Development