[PHNOM PENH POST]
Queenco Leisure International Ltd plans to open the second phase of its
Sihanoukville resort in early 2013, including a 200-suite hotel and
casino, a company official said yesterday.
Queenco took over the
Holiday Palace in Sihanoukville in 2010 to renovate and expand the
property, the Post reported at the time.
The first phase opened
on December 30, comprising a 60-room hotel and casino equipped with 130
slot machines, according to Queenco founder and main shareholder Yigal
Ailkha. A high-end Asian restaurant was expected to open within a month,
he said.
Phase two will include the 200 suites, a casino with 50
games tables and 350 slot machines, a convention centre, pool area,
health club and spa, he said, and will be complete early next year.
Yigal Zilkha plans to finish the entire renovation in 2014.
Zilkha
told the Post via email yesterday that the government’s “warm
welcoming” of foreign investors, in addition to the activation of
commercial flights to Sihanouk International Airport, has made Queenco
confident that there will be demand for such an ambitious project.
“Cambodia
is an emerging market that will grow fast in the coming years,
specifically in the beautiful beach areas of Sihanoukville,” he said.
“This
will happen as the quality of the hotels and activities improve. We are
happy to pioneer international standard development to assist this
growth.”
Queenco is also in the planning stages for the
development of a nine-hectare seaside property purchased in 2008,
according to Yigal Zilkha.
The company plans to build a
2,000-room hotel and casino resort and condominium complex on the
location, which will include a shopping mall, convention centre, spa and
restaurants. Construction is set to begin in 2013, he said.
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