TOKYO, Feb 10 (Bernama-BUSINESS WIRE) -- Hotel
Okura Co., Ltd. announced today
that it signed a contract with TEHO Development Cambodia Pte Ltd. to develop
and manage The Okura Prestige Phnom Penh, a luxury hotel to be opened in
Cambodia’s capital in 2019. Hotel Okura will be the first Japanese hotelier to
enter the luxury market in Cambodia, a rapidly growing market for both business
and leisure travel.
The new hotel will position Hotel
Okura to better serve this robust market and aid in Hotel Okura’s push to
expand its group portfolio past 100 hotels worldwide. By 2018, the company plans
to open Okura Hotels & Resorts’ hotels in Cappadocia and Manila, as well as
Nikko Hotels International’s hotels in Taizhou and Bangkok.
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