World Class 3-Star Hotel and Convention Centre for Sale – Siem Reap City

Details

Located on National Road 6 Siem Reap City, 5 minutes from the International Airport and world-renowned Angkor Wat, this 396-room 3 Star hotel and convention centre is for sale.

It is the perfect retreat for visitors to experience genuine Khmer hospitality and world-class conference facilities in a location bar none.

Hotel facilities:

• Restaurant: 300 PAX (1 open dining room + 2 private rooms)
• Lobby lounge: 80 seats (1 open area + 1 private room)
• Sky Café: 150 PAX for outdoor BBQ buffets and banquet event
• Terrace: 300 PAX for outdoor BBQ, wedding receptions and outdoor banquet events
• Poolside bar: 30 PAX
• Grand ballroom: For conferences, wedding receptions, etc. – total capacity 250 PAX
• Conference room: For meetings / conferences, receptions and other events – total capacity 150 PAX
• Meeting rooms: For meetings / conferences, receptions and other events – total capacity 40 PAX
• Boutique gift shop: Offering local famous products and souvenirs
• Hair salon: 10 seat capacity
• Spa (Reflexology 14 PAX / 8 private rooms = 23 PAX / 2 steam rooms 16 PAX / 4 hot & cold pools
• Swimming pool (800sqm) and fitness centre

Convention Centre facilities:

• Convention Centre (Banquet & Conference Hall) – total capacity 3400 PAX
• Ground: 17 Private Rooms – total capacity 600 PAX
• 1st floor: 2 banquet halls connect (with 3 breakout rooms) – total capacity 1300 PAX
• 2nd floor: Conference / meeting rooms – total capacity 300 PAX
• 3rd floor: Conference / meeting rooms + banquet Hall – total capacity 700 PAX
• 4th floor: 1 Convention / conference room – total capacity 500 PAX

Original ID: SR.AA7

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Siem Reap

In ‘normal’ years, the northwest of Cambodia attracts millions of tourists wanting to see the Angkor temples. However, most go directly to the city and not witness the beauty of the surrounding province.

Siem Reap province is located about 300km northwest of Phnom Penh and covers a total area of around 10,300km².

It borders Oddar Meanchey (north), Preah Vihear and Kampong Thom (east), Battambang (south) and Banteay Meanchey (west).

It borders the Tonle Sap (the largest freshwater lake in Southeast Asia) and Phnom Kulen, an isolated mountain and the highest point in the province, standing at 487m.

Siem Reap city is the 5^th largest urban centre in Cambodia after Takhmau, Battambang, Serei Saophoan and Phnom Penh.

The province has 12 districts, 100 communes and around 875 villages. Most of the villages are located in Angkor Chum, Chi Kreng, Krolanh, Puk and Sot Nikum.

Angkor Thom district is best known for Angkor Wat and Angkor Thom. Many people also visit Banteay Srei to visit the famous namesake temple.

Nature

Most of the region is full of wet plains, particularly in the south near Tonle Sap. In the wet season, rice fields and other plantations are well irrigated, and the north covered in thick, green jungle.

The Mekong River is narrow as it passes through the province but is an important source of water for the region, flowing from Phnom Kulen to the lake.

Real estate

Siem Reap is a major tourist destination and the demand for real estate has been growing steadily.

It has a wide range of hotels, offices, commercial spaces and residential properties catering to any budget.

These are the most popular places (with indicative rents and land prices per metre):

Sala Kamreuk: Popular expat area with many residential and commercial properties.

Rent $200 – $1,500/month or buy $300 – $400/sqm.

Svay Dangkum: A residential area popular with locals and long-term expats where many good villas are located. R

ent $60 – $900/month, villas $1,000 – $2,000/month and $300 – $1,500/sqm to buy.

Wat Bo: Mostly commercial with some residential properties near Pub Street. Apartments $200 – $1,500/month or buy $400 – $2,500/sqm.

Night Market: Popular tourist area comprised mostly of restaurants, bars, hotels, and guesthouses and some residential properties.

Apartments $300 – $1,000/month or buy $600 – $2,000/sqm.

Slor Kram: Near Wat Bo, popular with locals and long-term expats due to its proximity to the centre.

Apartments $250 – $700/month or buy $250 – $700/sqm.

Wat Damnak: Comprised mostly of commercial establishments, bars, restaurants, hotels, shops and apartment buildings.

Apartments range $300 – $1,500/month or buy $400 – $1,200/sqm.

Chreav: A rural area full of rice fields.

Development is underway because of the new ring road that is being constructed and land is being subdivided for residential developments.

Houses can be rented for $300 – $500/month and land to buy $30 – $60/sqm.

Bakong: A temple area known for its floating villages and rice fields. Land $6 – $30/sqm.

Wat Athvear: A semi-rural area on the road to the floating villages.

Apartments and villas are generally not available in these areas, but land is available $100 – $250/sqm.

Kouk Chak: A semi-rural area becoming more developed.

Apartments are available to rent for $200 – $400/month.

Land is available to buy at $150 – $400/sqm.

Sambour: A rural area with good access to the ring roads and will be developed in coming years.

Land can be bought for $60 – $120/sqm.

French Quarter: Where most commercial establishments (restaurants, bars, banks and hotels) are located.

Apartments are not available here and land is generally $1,000 – $3,000/sqm.

Good guide to investing in Cambodia

Here is a good guide to investing in Cambodia that should steer you away from total financial disaster.

The real estate market in Cambodia is extremely varied, more so than most countries, which can make investing either a smooth journey or a rocky one.

What separates a successful from unsuccessful investor is not pure luck, as many think, but the ability to recognise and avoid mistakes.

Investing in Cambodia is no different, so here are some things to consider before you part with your hard-earned cash.

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