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