Royal Field Development tower begins construction
THE $150 mil l ion mult i-pur pose tower, which i s a joi nt vent u re bet ween a loca l compa ny a nd a well-known US hotel chain, began construction on Monday and is set to open in 2022.
The currently unnamed 45-storey tower, which includes the three-star hotel Fairf ield by Marriott Phnom Penh, is located on Russian Boulevard, next to t he 7 Makara f lyover.
It is a joint venture bet ween t he Royal Field Development Company Limited, a subsidiar y of Chip Mong Group, and the US’ Marriott Internationa l Inc.
Roya l Field Development cha irman Leang Khun said the partnersh ip wit h t he i nter nat iona l hotel chain is a trend happening in line with the robust grow th of the economy and tourism sector.
“The construction of t he internat i on a l a nd mi x e d- c om merc i a l building and Fairf ield by Marriott Phnom Penh will make a significant cont r ibut ion to Cambodia’s commercia l a nd tou r ism needs,” he said.
‘Collaboration will improve’
Chip Mong Group Hotels and Hospita lit y div ision senior v ice-president Simon Dell said the reason why Roya l Fields Development chose Marriott Internationa l as a partner was t hat it i s a n i nter nat iona l ly renowned company.
“We believe that the collaboration wi l l i mprove wit hout seei ng a ny risks,” Dell said.
The f irst f ive storeys of t he tower will host offices and cinemas, while f loors 15 to 45 will ser ve as t he hotel Fairfield by Marriott Phnom Penh.
Karl Hudson, Area Vice President for Cambodia, Thailand, Vietnam and Myanmar for Marriott International Inc, said Fairf ield by Marriott Phnom Penh will focus on middleclass clients.
“The hotel will help f ill t he gap in mid-price accommodation in Cambodia,” he said.
Marriott is an international standard hotel that was established nearly 90 years ago and has been operati ng a host of hotel s i n over 110 countries worldwide.
Cambodia Associat ion of Travel Agents president Chhay Sivlin said t he increasing number of tourists and arriva ls at internationa l hotels indicates conf idence in t he Kingdom and its prosperit y.
“It is a lso a message to i nter nationa l investors about t he opportunit y to come and invest. As a player in t he tourism sector, I rea lly want more of such i nvest ments f rom i nt e r n a t i on a l c ompa n i e s ,” s he said.
However, Sivl i n sa id t hat a long with the growing presence of such internationa l companies, Cambod i a s hou ld a l s o s t r eng t hen i t s human resource development to of better qualit y.