Best Western Signs First Hotel in Cambodia

Wednesday, 26 January 2011
ASIATravelTips.com

Best Western has signed its first hotel in Cambodia – the all-suite Suites And Sweet Resort Angkor.

The agreement heralds the arrival of the Best Western name to Siem Reap – the location of UNESCO’s World Heritage Site of Angkor temple complexes, including the Angkor Wat and Angkor Thom.

Suites And Sweet Resort Angkor enjoys an ideal location, less than a 10-minute drive from both Siem Reap town and the main entrance to the famous Angkor Wat temple complex.

The property offers 18 suites housed in nine villas, each with their own private pool and terrace. Featuring an enchanting Khmer-style design and décor, they are nestled among tropical gardens around an ornamental lake in a picturesque setting similar to a typical Cambodian floating village.

CNMI firm affiliate to build big resort near Angkor Wat

Friday, November 23, 2007
Saipan Tribune (Saipan)

An affiliate of a CNMI company will build a major resort-entertainment venue and water park near the world-famous Angkor Wat in Cambodia.

Creative Entertainment, an affiliate of Bridge Capital LLC, announced it has obtained a lease of 35 hectares of land the necessary permits and licenses to operate a new attraction to be called the “Kingdom of Dreams.”

The development will be located in the town of Siem Reap, Cambodia.

John Paul Calvo, manager of the project, said the Kingdom of Dreams Entertainment Complex would be built in two phases. The first phase will include an outdoor water park that spans two hectares and is themed to complement the ancient city of Angkor.

“Instead of the traditional Angkor moat, our water park is surrounded by an interactive raft and tube ride that includes a series of rapids, lazy river sections, water blasters, and landings,” Calvo said.

He added that the complex will have a large slot machine game room with an unlimited number of slot machines allowed, a grand 1,500 seat buffet restaurant serving Asian an international cuisine, and a festival village with carnival games, handicrafts, and shopping.

Also part of the initial phase is the construction of a state-of-the-art IMAX theater that will feature an IMAX film to be produced by Creative Entertainment.

The second phase will include a 400-room hotel and roller-coaster amusement park.

Creative Entertainment is affiliated with Bridge Capital, LLC, a financial services company based in the Northern Marianas.

Bridge Capital specializes in real estate acquisition, development, financing, and corporate lending. Although the firm primarily provides bridge financing, sometimes called hard money loans, Bridge Capital also offers financial advisory services to assist clients in corporate restructuring, project finance, and capital planning.

Another 99-year land lease for Sok Kong to build a 5-star hotel and conference center

Wednesday, May 2, 2007
100-million hotel to be built by Sok Kong’s Sokimex

Everyday.com.kh
Translated from Khmer by Socheata

Sokimex, the large company belonging to Sok Kong, has started demolishing the unfinished conference building constructed by Chea Sophara, the former Phnom Penh city governor, in Chrauy Changvar. The demolition paves the way for the building of a hotel and conference building which will cost upward $100 million. The Cambodia Daily reported that the Sokimex company will start the construction of a 5-star, 10-story hotel in Chrauy Changvar, right in front of the royal palace (across from the Mekong river), at the end of this year. Sok Kong said that the hotel will contains 400 rooms, and the conference room will have a 800-person capacity. The total cost of the construction will be upward $100 million. The hotel will be built on a 14-hectare property rented by the Phnom Penh municipality to Sokimex for a duration of 99-year. The rental agreement was concluded in February of 2006, at a cost of $5.6 million.