ebulletin

March 4, 2024
Two Radisson properties under construction in Phnom Penh
Scheduled to open by Q1 2026, Radisson Blu Hotel & Residences, Phnom Penh and Radisson RED Hotel Phnom Penh will introduce a total of 450 keys and world-class facilities to the heart of this dynamic capital city. Following the signing of agreements with Prince Real Estate Group, Radissson will operate two brand-new properties in Phnom Penh, Cambodia.
    The two hotels and branded residence are integrated within the Prince Happiness Plaza, a condo project that is set amidst a prestigious mixed-use development that will comprise high-end retail, dining and commercial elements.
    Cambodia has been identified as a key market in Radisson Hotel Group's regional development strategy. The country welcomed 5.4 million international visitors in 2023, which marked a significant 140% jump from the previous year, and it is expected to reach seven million arrivals by 2025. As the country's largest city and a key financial hub, Phnom Penh is driving Cambodia's economic boom, with GDP growth expected to accelerate to 6.0% in 2024.
    Developed by Prince Real Estate Group, the two properties are situated atop the Prince Happiness Plaza, an integrated development which will offer direct access to upmarket retail outlets, multiple dining options, Grade A offices and more.
    The 250-key upper-upscale Radisson Blu Hotel & Residences Phnom Penh will cater to discerning corporate travelers on extended stays with a total of 160 well-appointed guestrooms and serviced apartments, as well as 90 branded residences ranging from the 40sqm Deluxe Studio Residences to the 210 sqm Three-Bedroom Residences, all of which will feature premium amenities and panoramic views of the skyline and river.
    The design-led Radisson RED Hotel Phnom Penh will comprise 200 keys, ranging from modern Deluxe Rooms to the sspacious One-Bedroom Suites. The two properties will also share an all-day restaurant, lobby lounge, spa, pool and gym. (Source: Radisson Hotel Group)