Cambodian real estate company the Grand Lion Group has signed a deal with Marriott International to manage and operate a new hotel in Sihanoukville, Cambodia.
The 388-room Le Meridien Sihanoukville hotel will be part of the $200-million Gold Coast at Sihanoukville complex near the Sihanoukville International Airport. The complex's 58-story Lyon D'or residence tower will have 888 units, which global real estate consultancy Knight Frank will market.
Bangkok-based Tandem Architects 2001 and interior design firm JKY Concept will design the project while Grand Lion division Nath Land Development will construct it. Grand Lion also plans to partner with an Italian interior design firm to furnish Lyon D'or. Construction on the complex is scheduled to begin in January 2019, with plans to open in January 2022.
The Gold Coast at Sihanoukville is Gold Lion's second hotel deal with Marriott International. Their first, Courtyard by Marriott Siem Reap Resort, opened in January 2018 as Marriott International's first hotel in Cambodia. The 233-room property is near the UNESCO World Heritage site of Angkor Archaeological Park. Grand Lion invested more than $200 million into developing the new hotel.
The opening of the Courtyard by Marriott Phnom Pehn is slated to follow the opening of the Courtyard by Marriott Siem Reap Resort in the second half of 2018. Marriott also plans to sign additional Courtyard by Marriott hotels in Nha Trang, Vietnam and Yangon, Myanmar. The new additions will expand Marriott’s 550-hotel portfolio with more than 170,000 guestrooms in Asia-Pacific. The portfolio is also expected to double by 2021 with the opening of another 500 hotels currently in the development pipeline.