Japanese chain to open hotel in 2015

28 June 2014
The Phnom Penh Post
Construction policy and regulation / Economic policy and administration / Economy and commerce / Foreign investors / Industries / Investment / Real estate / Tourism
Cambodia Association of Travel Agents / CATA / Diamond Island / East Asia / Ho Vandy / Japanese aid / Luu Meng / Overseas Cambodia Investment Corporation / Tokyo / Tourism Working Group / Toyoko Inn Co. Ltd / Yokohama

Budget business hotel group Toyoko Inn hope to draw East Asian businesspeople and travellers to Phnom Penh The Toyoko Inn, which is a joint venture between the Overseas Cambodia Investment Corporation (OCIC) and a Japanese budget, business hotel chain, is slated to open in May 2015. OCIC project manager Touch Samnang said that construction of the Toyoko Inn has reached 23 floors since building started on December 12, 2012. More than 300 rooms are now being outfitted. Meanwhile, he said, the total cost for the investment in land and construction totalled some $14 million, excluding hotel fittings. Toyoko Inn Co Ltd was established in 1986, and the name of the company is a combination of the names of the Japanese neighbouring cities Tokyo and Yokohama. From the 1990s onwards the company has expanded rapidly, though the majority of its branches are in Japan. …

 Siv Meng
http://www.phnompenhpost.com/post-weekend/japanese-chain-open-hotel-2015