The First Fairfield by Marriott Hotel in Cambodia to Break Ground in August

• Proeksa Meas
• 28 April 2018
• Local News
• 6082 Views

After signing an agreement with Marriott International in May last year, the Royal Field Development Company Limited, a subsidiary of Chip Mong Group, has set August as the ground breaking date for the first Fairfield by Marriott hotel to be built in Cambodia.

“At this stage, we are finalising the architecture of the building. After we are done with that, we will start construction by August or September,” Mr Ken Nhan, Director of New Business Development of Chip Mong Group Co., Ltd. told Construction & Property Magazine.

Regarding the level of investment for this international brand hotel, Mr Nhan revealed that the group had prepared an estimated budget of about USD100 million for the project. However, he stressed that the total amount had not yet been finalised.

Located on a prime section of Russian Boulevard near the 5 January flyover in the heart of Phnom Penh City, Fairfield by Marriott Phnom Penh is the first time the brand has launched in Cambodia and the facility is expected to open in 2021.

Fairfield by Marriott Phnom Penh is the Chip Mong Group’s second international hotel project following the start of construction in 2017 on the Hyatt Regency Phnom Penh. (read more)

Marriott International is a United States-based global hotel brand that has about 6,000 properties across 30 renowned brands spanning 122 countries and territories.

• Business and Market
• Projects Development