ASCOTT will open a serviced residence, Somerset Norodom, in Phnom Penh come 2018, marking the entry of the first international serviced residence brand in Cambodia.
Part of a 28-storey mixed-use development, Somerset Norodom offers 105 units ranging from fully furnished studios to two-bedroom apartments, with facilities including a swimming pool, children’s wading pool and playroom, gymnasium, sauna and residents’ lounge. Services such as 24-hour reception and security, housekeeping, laundry and dry cleaning will also be available.
Lee Chee Koon, CEO of Ascott, said: “Cambodia has achieved sustained economic growth amid greater political stability. We expect demand for serviced residences to grow given its economic progress and the absence of international-standard serviced residence in the country.
“As the first international serviced residence operator in Cambodia, Ascott will gain first-mover advantage to capture the underserved accommodation segment.”
Somerset Norodom adds to Ascott’s South-east Asian portfolio, now boasting 13,000 units spread across 74 properties in nine countries in the region.
