FRASERS Hospitality, a member of Singapore-listed Frasers Property, has entered the Cambodia market with the launch of 3 new properties in key commercial districts.
The first property – the 88-room Capri by Fraser located in Phnom Penh – will open in October 2022. Another Capri by Fraser property located 5-minutes away in the city centre, which has 78 rooms, will be completed in 2024.
Both properties have a mix of hotel rooms, studio apartments and 1-bedroom units targeted at transient business travellers and mid-level executives on extended stays, Frasers Hospitality said in a press statement on Tuesday (Feb 15).
The third property – the 200-room Fraser Residence Sen Sok – is slated for completion in 2026. The serviced apartment is located on the north-west fringes of the city centre and is expected to accommodate expatriates on extended stays.
The property is part of an integrated development that includes a retail mall, medical centre and office tower. It is also close to international schools, malls and a golf course, and is a 15-minute drive to the central business district and industrial parks.
Frasers Hospitality senior vice-president and head of Asia-Pacific Tonya Khong said the 3 properties will be ready to accommodate the return to travel, as well as an anticipated boost from regional events such as the 2023 Southeast Asian Games and the Regional Comprehensive Economic Partnership (RCEP).
This article was originally published on The Business Times on FEB 15, 2022.
Article link:
https://www.businesstimes.com.sg/real-estate/frasers-hospitality-expands-to-cambodia-with-launch-of-3-properties
