Shangri-La International Hotel Management Ltd. and Oxley Gem (Cambodia) Co. Ltd. have signed a memorandum of understanding (MoU) in relation to the management and operation of the first Shangri-La hotel in Phnom Penh, Cambodia. Oxley Gem is a partnership between Singapore-based Oxley Holdings Limited and the Cambodian firm WorldBridge Land.
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, near the Diamond Island Convention and Exhibition Centre. In addition to the hotel, the development will house serviced offices, residences and a shopping center.
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 located near the capital city's main sightseeing attractions, as well as Preah Sisowath Quay, a recognized restaurant and nightlife district.
Oxley Gem (Cambodia) Co. Ltd. was 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 property company in Cambodia.
Hong Kong-based Shangri-La Hotels and Resorts currently owns and/or manages more than 85 hotels under the Shangri-La brand with a room inventory of over 36,000. The group has a upcoming projects in mainland China, India, Mongolia, Myanmar, the Philippines, Qatar, Sri Lanka, and the United Arab Emirates.