Cambodia's Koh Rong Island attracts international hotel investment

In Cambodia's Preah Sihanouk province, Koh Rong island is set to get a 148-room five-star villa-style hotel courtesy of The Royal Group (a local company), in partnership with a Thailand-based Swiss investor. 

According to the Phnom Penh Post, the new villa-style resort will be called Royal Sands Koh Rong Resort, and will cost $40 million during the first phase of construction. The hotel will be completed by December 2016.

The Royal Group was granted a 99-year concessional contract by the Cambodian government to develop the island in 2008.

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Ho Vandy, an adviser to the Cambodia Chamber of Commerce, said an increasing number of tourists (most of them international) traveling to Koh Rong had resulted in new investments. Cambodia's Tourism Ministry estimates that 47,000 tourists visited Koh Rong during the first nine months of the year, largely dominated by foreign visitors, with local tourists accounting for only 17,000.