Monday, June 30, 2014

Japanese chain to open hotel in 2015


30 June 2014

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 said that construction of the Toyoko Inn has reached 23 floors since building started on 12 December 2012. More than 300 rooms are now being outfitted. Meanwhile, he said, the total cost for the investment in land and construction totaled some $14 million, excluding hotel fittings.

His hotel chain was also interested in Cambodia due to the increasing numbers of foreign investors entering the market, a trend that is likely to continue, looking ahead to economic integration with ASEAN next year.

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