The Ascott has opened its first serviced residence in Cambodia, a 75-unit property in Phnom Penhâ€™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, Ascottâ€™s country general manager for Vietnam, who oversees the companyâ€™s expansion in Cambodia, Myanmar and Laos, said in a press statement: â€śAscott 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 countryâ€™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 â€“ Somerset Norodom Phnom Penh â€“ 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 Ascottâ€™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,â€ť she said.