Chinese developer plans US$3bn hotel investments in Cambodia

By Mark Elliott On Jan 5, 2017

TD Guest Writer

Guest Writers are not employed, compensated or governed by TD, opinions and statements are from the specific writer directly

Royal Group already owns the Royal Sands resort in Koh Rong

A major Chinese real estate developer is unveiled plans to invest US$3 billion in a series of luxury hotels in Cambodia.

The China Daily reports that Guangzhou R&F Properties has partnered with Cambodia’s Royal Group to develop several new “mega-projects” in the capital Phnom Penh and coastal province of Preah Sihanouk.

Zhang Li, chairman of Guangzhou R&F Properties, is said to have discussed the plan during a meeting with Cambodian Prime Minister Hun Sen. The PM reportedly welcomed the investment.

Royal Group’s hotel portfolio currently includes the Hotel Cambodiana in Phnom Penh and Royal Sands resort on the island of Koh Rong.

EXPERT OPINION