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Hyatt hotel opens in central Phnom Penh after delays


geovalin

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The $180 million Hyatt Regency Phnom Penh hotel opened on December 15 after numerous delays, which real estate experts claim will have positive bearing on the property market, and illustrate the progress of international tourism reopening plans and the strength of Cambodia’s economic growth.

 

Located on a 7,031sqm area in Chey Chumneah commune of the capital’s Daun Penh district, the five-star hotel was invested by local conglomerate Chip Mong Group.

 

Chip Mong Group signed a management agreement with Chicago, US-based Hyatt Hotels Corp in September 2016 for the hotel. The hospitality firm currently operates more than 900 hotels in 65 countries as well as 21 luxury brands.

 

https://www.phnompenhpost.com/business/hyatt-hotel-opens-central-phnom-penh-after-delays

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