Shangri-La International Hotel Management Ltd. and Oxley Gem
(Cambodia) Co. Ltd. have signed a Memorandum of Understanding in relation to the
management and operation of the first Shangri-La hotel in Phnom Penh, Cambodia.
Oxley Gem is a strategic partnership between Singapore-based Oxley Holdings
Limited and the Cambodian firm WorldBridge Land. Under the terms of the
agreement, Oxley Gem will grant Shangri-La a 60-day exclusivity period to
negotiate the management of the hotel.
Construction of the Shangri-La
hotel is slated next year with the hotel expected to open in 2019. The luxury
hotel, with a proposed design of 300 rooms, will be part of a new mixed-use
development located along the Mekong River facing Diamond Island – just a few
minutes by taxi from the Diamond Island Convention and Exhibition Centre. In
addition to the hotel, the development will house serviced offices, residences
and a shopping centre.
Ching Chiat Kwong, Executive Chairman and CEO of
Oxley Holdings, said "We are excited about the prospect of developing the first
Shangri-La branded hotel in Cambodia. We look forward to working closely with
the Shangri-La team to inject more life and vitality into the heart of Phnom
The hotel will have panoramic views of the city and an array of
facilities, including a number of food and beverage outlets as well as event and
meeting spaces. It will be conveniently located near the capital city's main
sightseeing attractions as well as Preah Sisowath Quay, a popular restaurant and
"Given Shangri-La's well-established presence in
Southeast Asia, we are excited to add a property in Phnom Penh to our portfolio
and further expand our offerings in the region," said Shangri-La President
and CEO Greg Dogan.
Worldbridge Land Chairman, Oknha Rithy Sear, said,
"Developing a hotel in Phnom Penh has always been on our blueprint. The signing
of Memorandum of Understanding with Shangri-La is an attestation of our
commitment to introduce luxury hospitality experience in Phnom
About Oxley Gem (Cambodia) Co., Ltd.
Oxley Gem (Cambodia)
Co., Ltd. ("Oxley Gem") is formed in July 2013 for the purpose of developing a
mixed-use development comprising of Retail, Hotel, Residential and Commercial in
Phnom Penh, Cambodia. Oxley Gem is 75% owned by Singapore lifestyle property
developer, Oxley Holdings Limited, and 25% owned by Worldbridge Land (Cambodia)
Co., Ltd, a leading property company in Cambodia.
Hong Kong-based Shangri-La International Hotel Management Limited, one of the world’s premier hotel management companies, currently operates over 95 hotels in 22 countries and 73 destinations under the Shangri-La, Kerry, Hotel Jen and Traders brands. Prominently positioned in Asia, the group has established its brand hallmark of “hospitality from the heart” over four decades in Asia Pacific, the Middle East, Europe, North America and the Indian Ocean. The group has a substantial development pipeline with upcoming projects in mainland China, Cambodia, Hong Kong, Indonesia, Malaysia, Myanmar, Saudi Arabia and Sri Lanka. For more information, please visit www.shangri-la.com