Nakorn plans to invest $30mln in hotel in Phnom Penh
Pharmaceutical giant Thai Nakorn Patana plans to invest $30 million over the next two years in a three- to four-star hotel in Phnom Penh, as it hopes to cash in on the lack of big names in the capital’s mid-tier hotels market. For the new 200-room hotel, the company hoped to partner French hotel group Accor’s Novotel brand, Thai Nakorn Patana representative Charles-Henri Chevet said. Thai Nakorn Patana would remain the main shareholder and investor, Chevet said. Currently, the company’s two five-star Sofitel hotels in Cambodia are run with Accor, which also owns the Sofitel brand. …
