For sale: Phnom Penh’s iconic Sokha Hotel – price-tag $1.5 billion

[geovalin]

Phnom Penh’s iconic Sokha Hotel – a dominant feature of the Phnom Penh riverside view since it’s official opening in 2015 – is now understood to be for sale for $1.5 billion in order to pay off debts and finance further development elsewhere.

 

The owner of the hotel, Sok Kong, a well-known billionaire who is the Chairman of the Board of Sokimex Investment Group, has stated that he wants to sell Sokha Phnom Penh Hotel and land in Chroy Changvar for $ 1.5 billion to invest in his Bokor resort, situated on Bokor Mountain in Kampot province, which is built on land leased from the government for 99 years.

 

Mr Sok confirmed that although he is eager to sell, he has not yet received an offer, stating in an interview with Fresh News that “…no one has come to negotiate and buy the Sokha Phnom Penh Hotel and land in Chroy Changvar.

 

read more https://www.khmertimeskh.com/501015196/for-sale-phnom-penhs-iconic-sokha-hotel-price-tag-1-5-billion/

 

[Longreach]

somewhat overpriced. X 1000 times.

[BritManToo]

Just wondering in what way it's considered 'iconic'.

Looks like an ugly prison block built by the Chinese to me. 

It's not even on the right side of the river.

Edited January 30, 2022 by BritManToo