Hyatt Regency added Cambodia to its growing footprint in Southeast Asia with a groundbreaking ceremony yesterday to lay the foundations of the international five-star hotel that is expected to open in 2020 on Street 178 across from the National Museum in Phnom Penh.
“I believe that Hyatt Regency Phnom Penh will attract tourists and potential investors and businessmen to Phnom Penh as well as boost the kingdom’s economy and national pride,” said Leang Khun, the president of Chip Mong Group and owner of Hyatt Regency Hotel Phnom Penh. “The hotel design and its management follows the international standards of the global Hyatt Hotel brand. The hotel will be completed in 2020,” he added.
The 250-room hotel will feature authentic food and beverage offerings and will serve as a perfect venue for a variety of events such as weddings, social banquets, exhibitions, meetings, and conferences. Additionally, the hotel will offer a fitness centre, spa and a rooftop swimming pool and bar, featuring views of the Royal Palace and the Mekong and Tonle Sap rivers.
Last September, Hyatt Hotels Corporation announced that it had entered into a management agreement with Chip Mong Group for a Hyatt Regency hotel in Phnom Penh estimated to cost around $100 million.
“We are delighted to bring the Hyatt Regency brand to Phnom Penh and Cambodia, and we are honoured to begin our relationship with Chip Mong Group,” said David Udell, group president – Asia Pacific, Hyatt Hotels Corporation in a press release. “As Phnom Penh continues to become known as a destination for art, culture, tourism and business, we are confident that the globally recognised Hyatt Regency brand will resonate with business and leisure travellers visiting the country,” he added.
Land Management Minister Chea Sophara said the construction of the $100 million five-star hotel shows the confidence of international investors in Cambodia. “This hotel will boost the prestige of the construction sector and it will be an architectural marvel in the heart of Phnom Penh,” said Sophara. “This is a new achievement flowing from the private sector to develop the country’s economy and create jobs.”
Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company with a portfolio of 12 premier brands and 667 properties in 54 countries.
Ho Vandy, secretary-general of the Cambodia National Tourism Alliance, said Hyatt’s entry into Cambodia indicated that the corporation was confident of the country’s political and financial stability. “This is an excellent opportunity for us, now, to strengthen the quality of our tourism services,” he added.
According to the Ministry of Land Management as of 2016, Cambodia had 21 five-star hotels out of 647 hotels across the kingdom.