The Council for the Development of Cambodia has approved two new hotel projects in Sihanoukville worth $379 million, according to local media reports.
The projects are backed by Chinese investors, despite the current exodus of Chinese nationals from the city.
The two five-star hotels by Xigang V-Continent International Investment Co Ltd and Hai Gang Grand Hotel Co Ltd have a combined total of 2,911 rooms, said the CDC.
Xigang V-Continent International Investment’s $226 million hotel will comprise 1,111 rooms and will be located in Sihanoukville’s Commune III while Hai Gang Grand Hotel’s $153 million investment will comprise 900 rooms and be located in Commune IV, the report said.
It was not specified whether the hotels will include casinos.
The newspaper cited Preah Sihanouk provincial governor Kuoch Chamroeun as saying that the hotels will attract foreign nationals, not just Chinese.
Mainland Chinese have been leaving Sihanoukville in droves since the government banned online gaming last month.