Yuanta Reports

Grand Lion Group reaches deal to operate Marriott hotel in Sihanoukville

Local real-estate firm Grand Lion Group reached a deal with US-based Marriott group to manage and operate a new five-star hotel in the coastal city of Sihanoukville. Le Meridien will be part of a $200 million complex called Lyon D’Or. The deal follows the opening of Marriott’s first hotel in Cambodia, which opened its door to customers in Siem Reap in January. Construction of the new hotel will begin this year, with the developers hoping it will be operational by January 2022, according to Hoteldesigns.net. (Source: Phnom Penh Post)

Coporate News

14th March 2018

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