Ascott makes landfall in Cambodia

The Ascott has opened its first serviced residence in Cambodia, a 75-unit property in Phnom Penh’s up-and-coming residential and retail hub of Diamond Island.

CASA Meridian Residence, said to be the first international-class serviced residence in the Cambodian capital, provides a selection of apartments located between levels 22 and 34 across two towers of CASA by Meridian mixed-use building.

Business travellers can choose from studio apartments ideal for single executives, to modern one-, two- or three-bedroom apartments that can accommodate up to six people.

Every apartment features contemporary furnishings, living and dining areas, as well as a fully-equipped kitchen. Residents can also enjoy a comprehensive range of lifestyle facilities including an infinity swimming pool and sauna, as well as business support amenities such as a conference room, meeting room, and serviced offices for rental.

Lew Yen Ping, Ascott’s country general manager for Vietnam, who oversees the company’s expansion in Cambodia, Myanmar and Laos, said in a press statement: “Ascott has built a strong brand reputation and expertise in managing world-class serviced residences over the last 30 years.

“We expect significant demand for our first property in Cambodia, as it is the first international-standard serviced residence in the country’s capital and economic hub Phnom Penh. In addition, Cambodia has achieved sustained economic progress and strong international tourist arrivals.”

Lew also shared plans for a second property in the city – Somerset Norodom Phnom Penh – due to open in 2018.

She noted that Ascott now has a presence in nine out of 10 countries in South-east Asia, which gives the company “a strong foothold in the region”.

“ASEAN member states recently signed pacts to boost transport links to make it easier for cross-border travel. With greater connectivity, business activities and investment are expected to increase, driving demand for serviced residences. We will continue to explore opportunities to grow Ascott’s presence in Cambodia and other (South-east Asian) markets to reap benefits from greater economies of scale and expand our network of properties for customers,” she said.

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