Hyatt Hotels Corporation announced at the end of September that a Hyatt affiliate has entered into a management agreement with Chip Mong Group for the development of a Hyatt Regency hotel in Phnom Penh. Expected to open in 2020, Hyatt Regency Phnom Penh will mark the first Hyatt Regency hotel in Cambodia, and will add to Hyatt’s growing footprint in Southeast Asia.
“We are delighted to bring the Hyatt Regency brand to Phnom Penh and Cambodia, and we are honored to begin our relationship with Chip Mong Group,” said David Udell, group president – Asia Pacific, Hyatt Hotels Corporation. “As Phnom Penh continues to become known as a destination for art, culture, tourism and business, we are confident that the globally recognized Hyatt Regency brand will resonate with business and leisure travelers visiting the country. Furthermore, we believe the hotel will play a vital role in the city’s development and will become a landmark in the city and a dynamic member of the local community.”
Hyatt Regency Phnom Penh will deliver on the modern expectations of today’s travelers and meeting planners. The 250-room hotel will feature authentic food and beverage offerings and will serve as the perfect venue for a variety of events such as weddings, social banquets, exhibitions, meetings, and conferences. Additionally, the hotel will offer a fitness center, spa and a rooftop swimming pool and bar, featuring views of the Royal Palace and the Mekong and Tonlé Sap Rivers.
Hyatt Regency Phnom Penh will be located directly across from many of the city’s most popular tourist attractions, including the National Museum and the Royal Palace, as well as cafés, restaurants and art galleries in the area.
Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company with a portfolio of 12 premier brands and 667 properties in 54 countries, as of June 30, 2016.
Chip Mong Group Limited is a leading conglomerate in Cambodia with a diverse portfolio ranging from the manufacturing of construction materials, property development as well as the production of beverage and consumer products. To meet the growing demands of the market, the Group operates assets including cement, concrete and rooftile plants as well as a brewery equipped with state-of-the-art German technology. Chip Mong Group is the majority shareholder of Ching Mong Insee Cement Corporation, the largest cement manufacturer in Cambodia.