Work starts on new 22-storey hotel
Construction has started on the 22-storey Toyoko Inn Hotel, which will cost US$20 million to build, near the Hang Bridge. The project is due to be completed in November 2014.
Touch Somnang, the Project Manager for the Koh Pich development project, said the Toyoko Inn Hotel is a joint venture between OCIC Company and Japan’s Toyoko Inn Co, Ltd, which is well known in the hotel sector. He said work had been going smoothly on the project so far and the second floor has been completed. …
The Toyoko Inn Hotel will be built on 1,223 square metres of land, it will rise to 22 storeys and there will be 304 units in the 3-star hotel. According to Toyoko Inn sources, it will be open to guests in 2015.
Ho Vandy, the Managing Director of World Express Tours And Travel and a member of the Cambodian Chamber of Commerce, said from 2003 to 2010, the hotel sector experienced fast growth, but from 2010 to 2013 the sector did not seem to make significant progress because the need and supply for the sector had stalled. …
Siv Meng
http://www.phnompenhpost.com/real-estate/work-starts-new-22-storey-hotel
