A report that appeared in The Manila Times yesterday said Hotel101 Global Pte Ltd, the Singapore-based subsidiary of Hotel101 Global Holdings Corp and a subsidiary of DoubleDragon Corp, has entered into an agreement with Canopy Sands Development Co Ltd to bring the brand to Cambodia.
“DoubleDragon told the stock exchange on Wednesday that Canopy Sands Group would be building two Hotel101s that expected to be among that country’s largest by number of rooms upon completion,” the report said.
“Hotel101–Phnom Penh will be built on a 2,033-square-meter (sqm) commercial property in the Tonlé Bassac district, a riverfront economic and cultural hub near the upscale Boeung Keng Kang district.
“The project will have about 700 rooms across 30 floors and will feature Hotel101’s standardised 21-sqm ‘Happy Room’ units with kitchenettes as well as amenities including a swimming pool, fitness gym, function rooms, a business center, commercial spaces and all-day dining facilities.”
The report emphasised that Hotel101–Sihanoukville, meanwhile, will rise on a 4,623-sqm site within the $16-billion Bay of Lights project, a 934-hectare master-planned coastal development led by Canopy Sands.
“The property will have approximately 680 rooms, making it the largest in Sihanoukville in terms of room count, and will be situated beside a proposed international convention and exhibition center. It is also located within a five-minute drive from Sihanoukville Airport.”
DoubleDragon was quoted as saying that the two Cambodian projects are expected to generate $109.55 million in sales revenue, with both developments targeted for completion by 2028.
The report added that Cambodia remained a promising market, noting that the country welcomed more than 6.7 million international visitors in 2024 with tourist arrivals projected to grow further once the Techo International Airport in Phnom Penh opens next month.
Hotel101’s entry into the Kingdom will expand the hospitality major’s current global footprint that currently includes projects in Japan, Spain, the United States and Saudi Arabia other than the home country.
The expansion forms part of the group’s long-term target to develop 50,000 rooms in the Philippines and a global portfolio of one million rooms across 100 countries.
DoubleDragon said that Hotel101’s global rollout demonstrated the flexibility of its asset-light business model. It stressed that the international expansion was expected to become a major dollar inflow generator while also contributing to job creation and foreign investment in host countries.
Hotel101 Global officially became the first Filipino-owned firm to list on the Nasdaq Stock Exchange in New York with its market debut on June 27.
The Kingdom’s hospitality sector, a strong contributor to the national economy, is experiencing strong growth, driven by increasing tourism and strategic government initiatives. The sector is expected to see significant revenue growth in the coming years, with a focus on quality accommodations and a blend of cultural richness and modern development.
Phnom Penh and Siem Reap are the primary Cambodian cities that hosts major five-star hotels. Phnom Penh boasts a range of luxury accommodations, including the Rosewood Phnom Penh, Raffles Hotel Le Royal, and Sofitel Phnom Penh Phokeethra.
Siem Reap, known for its proximity to Angkor Wat, also offers top-tier hotels like Park Hyatt Siem Reap, Belmond La Residence d’Angkor, and the Anantara Angkor Resort.
Sreekanth Ravindran / Khmer Times
