TOKYO, Feb 10 (Bernama-BUSINESS WIRE) -- Hotel Okura Co., Ltd. announced today that it signed a contract with TEHO Development Cambodia Pte Ltd. to develop and manage The Okura Prestige Phnom Penh, a luxury hotel to be opened in Cambodia’s capital in 2019. Hotel Okura will be the first Japanese hotelier to enter the luxury market in Cambodia, a rapidly growing market for both business and leisure travel.
The new hotel will position Hotel Okura to better serve this robust market and aid in Hotel Okura’s push to expand its group portfolio past 100 hotels worldwide. By 2018, the company plans to open Okura Hotels & Resorts’ hotels in Cappadocia and Manila, as well as Nikko Hotels International’s hotels in Taizhou and Bangkok.
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