TTGWeb | Travel News

Latest travel news. Air travel, hospitality and tourism news.

  • Home
  • About
  • Airline News
  • Airport News
  • Hotel News
  • Travel Industry News

Raffles Hotels in Phnom Penh and Siam Reap Acquired by Dubai Company

July 19, 2007 by Travel News Editor

Kingdom Hotel Investments, of Dubai in the United Arab Emirates, has acquired two Cambodian hotels, the Raffles Grand Hotel d’Angkor and the Raffles Hotel Le Royal in Phnom Penh, for about US $35 million. The hotels will continue to operate under Raffles Hotels and Resorts management.

The 170-room French-colonial style Raffles Hotel Le Royal opened in 1929. The property is located in central Phnom Penh, with convenient access to the international airport and local attractions.

The Raffles Grand Hotel d’Angkor in Siam Reap is situated eight kilometers (approximately five miles) from the temples of Angkor Wat, a UNESCO World Heritage Site. The hotel, built in the French-colonial style, is a national landmark which opened in 1932. It has 125 rooms.

HRH Prince Alwaleed Bin Talal, Chairman of KHI, said that “Cambodia is an exciting new market for KHI. Demand for hotel accommodation in the region has grown significantly in recent years and Cambodia has benefited from increasing tourism and interest in the cultural heritage and diversity of the region.”

Sarmad Zok, Chief Executive Officer of KHI announced, “We are delighted to have acquired two established hotels in one of Asia’s fastest growing tourist markets. Both are in prime locations in Cambodia, which according to the WTTC ranked (in 2006) the 11th highest in the world for demand growth expectations. KHI is very well positioned to drive shareholder value from this growth.”

Filed Under: Uncategorized

Related Posts

  • Crowne Plaza opens at Sydney Airport
  • Singapore Airlines Schedules World’s First Airbus A380 Flight
  • Holland America Offers Free Parking for San Diego Departures
  • Jet Airways Adds Delhi -Toronto Service
  • Oriental Hotel in Singapore Gets New Name

Latest News

  • OMO7 Yokohama – A New Chapter for Yokohama’s Former City Hall
  • Air France Launches New Paris–Phuket Route
  • AirAsia Thailand Expands Domestic Network with New Routes from Suvarnabhumi Airport
  • Crowne Plaza opens at Sydney Airport
  • Conrad Hotels Expanding to Yokohama with New Luxury Hotel in 2027
  • New Hotel Opening: Hilton Kyoto in Kawaramachi Sanjo Area
  • Thai AirAsia X moves all flights to Bangkok Don Mueang Airport
  • Singapore Airlines’ new non-stop service to London Gatwick Airport
  • New Hotel Indigo Changi Airport connected to Terminal 2 to open by 2028
  • DoubleTree by Hilton Kyoto Station Opening

Search this site

Popular Tags

accor airasia airline airport bangkok beijing burma cathay pacific crowne plaza Doha hong kong hotel japan jet airways kuala lumpur kuwait macau marriott milan mumbai new york phuket qantas Qatar Airways radisson ritz-carlton royal caribbean russia s7 samui Shangri-La Shenzhen singapore singapore airlines sofitel sydney tahiti taipei taiwan thai airways thailand tokyo toronto turkish airlines virgin america

Netmobius Network

  • Paris Airport (CDG)
  • Gatwick Airport Hotels
  • Beijing Airport Hotel
  • Singapore Airport Hotel
  • Budget Airline
  • Bangkok Airport

Destinations

  • Asia
  • Europe
  • Middle East
  • North America

Travel News

  • Airline News
  • Airport News
  • Hotel News
  • Travel Industry News

Airport Hotels

  • Hong Kong Airport Hotel
  • Prague Airport Hotel
  • Mumbai Airport Hotel
  • Dubai Airport Hotel
  • Frankfurt Airport Hotel
  • Incheon Airport Hotel

Copyright © 2025 · TTGWeb Travel News. All rights reserved. Netmobius publication