Development Launched for 300-room Shangri-La Hotel in Phnom Penh, Cambodia to Open in 2019
Shangri-La International Hotel Management Ltd. and Oxley Gem (Cambodia) Co. Ltd. have signed a Memorandum of Understanding in relation to the management and operation 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. Under the terms of the agreement, Oxley Gem will grant Shangri-La a 60-day exclusivity period to negotiate the management of the hotel.