Shangri-La International Hotel Management and Oxley Gem have inked a memorandum of understanding (MoU) for the management of the first Shangri-La hotel in Phnom Penh, Cambodia.

Oxley Gem is a strategic partnership between Singapore-based Oxley Holdings Limited and the Cambodian firm WorldBridge Land.

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According to Oxley, construction of the hotel, which will be part of a new mixed-use development located along the Mekong River facing Diamond Island, is slated to start next year. To open in 2019, the 300-room hotel will feature a number of food and beverage outlets, as well as event and meeting spaces.

"Combining Kurita’s existing customer base, which is mainly in Japan and the Asia region, with APW’s customer base, will further strengthen Kurita’s overseas business platform."

The development will house serviced offices, residences and a shopping centre.

Oxley Holdings executive chairman and CEO Ching Chiat Kwong said: "We are excited about the prospect of developing the first Shangri-La branded hotel in Cambodia.

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"We look forward to working closely with the Shangri-La team to inject more life and vitality into the heart of Phnom Penh."

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Shangri-La president and CEO Greg Dogan said: "Given Shangri-La’s well-established presence in South East Asia, we are excited to add a property in Phnom Penh to our portfolio and further expand our offerings in the region."

Hong Kong-based Shangri-La Hotels and Resorts currently owns and/or manages more than 85 hotels under the Shangri-La brand. The group has a substantial development pipeline with upcoming projects in mainland China, India, Mongolia, Myanmar, Philippines, Qatar, Sri Lanka and the United Arab Emirates (UAE).