Fairfield by Marriott Phnom Penh to Open in Cambodia

PHNOM PENH, CAMBODIA -- Marriott International (NASDAQ: MAR) today announced the signing of Fairfield by Marriott Phnom Penh. Scheduled to open in 2021, the hotel marks the first Fairfield by Marriott hotel in Cambodia. Owned by Royal Field Development Company Limited, Fairfield by Marriott Phnom Penh will be situated on a prime section of Russian Boulevard within the administrative center of the city, with seamless access to corporate, diplomatic and tourist destinations in the capital; the site is a 20-minute drive from the airport.

"We are pleased to enter into partnership with Royal Field Development to debut the Fairfield by Marriott brand in Cambodia, strengthening Marriott International's presence in Southeast Asia," said Paul Foskey, Chief Development Officer, Asia Pacific, Marriott International. "As Phnom Penh continues to grow into a prominent destination in the region, we will cater to the robust demand from business and leisure travelers for reliable, mid-range accommodations in the bustling city."

In addition, the flexible on-site restaurant will serve an authentic mix of local and international flavors, while a well-equipped fitness center will help guests maintain balance while on the road.

As Phnom Penh continues to grow as a destination for both tourism and business, Fairfield by Marriott will offer convenient access to a variety of attractions. The hotel is minutes away from the Peace Palace, which serves as the office of Cambodia's Prime Minister; the Office of the Council of Ministers; the Ministry of National Defense and various other government offices. It will also afford convenient access to major financial institutions, new retail hubs; the Phnom Penh City Center; and popular tourist attractions including Central Market, Sisowath Quay and the Royal Palace.

Royal Field Development Company Limited is a subsidiary of leading Cambodian conglomerate Chip Mong Group, which engages in diverse businesses ranging from property development to the manufacturing of building materials and the production of beverage products; the group is currently developing a 20-hectare township in Phnom Penh.

Commenting on today's signing, Mr. Leang Khun, chairman of Chip Mong Group, said, "Phnom Penh continues to enjoy strong economic growth, attracting visitors from all over the world. We believe that Fairfield by Marriott offers outstanding services to travelers who seek a balanced experience at a great price point. And we are excited to work with Marriott International and look forward to a successful partnership."

About Chip Mong Group

Chip Mong Group has attained prominence as a leader in many fields and products in the beverage sector including a range of beer, stout, drinking water and other beverages, as well as construction to include construction materials, concrete roof tiles, cement (5,000 tons per day), aggregates, cans, consumer products, property development, construction, hospitality and hotels, through competence, competitiveness and timely delivery with highest quality standards. Chip Mong Group also expands its business portfolio to retail and more. Chip Mong Group's vision is to become the most admired and respected corporation in the region and its core values are Collaboration with commitment, Making the difference, Growing and giving back, and Customer focus. For more information about the company, visit the website at www.chipmonggroup.com and via Facebook www.facebook.com/ChipMongOfficial.

Media Contact

Beverly Cheng

Marriott International [email protected]