Pan Pacific Hotels Group (PPHG), a member of Singapore-listed UOL Group Ltd, plans to open two developments in the Kingdom over October-December 2023, in Phnom Penh and Siem Reap, as it aims to further expand its serviced suites portfolio within the region.
“The 212-room Pan Pacific Phnom Penh will be situated centrally in the bustling Norodom Boulevard, while the 130-room Parkroyal Siem Reap will be a 10-minute drive from the gates of Angkor Wat,” PPHG said in a statement on September 22.
These are among 13 new properties in the pipeline up to 2024 that were announced by the hospitality firm, across 10 key gateway cities such as London, Kuala Lumpur, Jakarta, Dalian and Hanoi.
PPHG intends to open the Pan Pacific Orchard in October-December next year, which it bills as “Singapore’s first zero-waste hotel”.
The “verdant retreat” will feature “foliage covering more than 300 per cent of hotel’s land area” along with four “thematic sky gardens”, it said.
“To fulfil its zero-waste promise, the 350-room hotel will employ a rainwater harvesting system, a recyclable water system, and a compactor that transforms food waste into nutrient water for the hotel’s sky gardens,” it added.
Parkroyal Serviced Suites Hanoi is expected to open in March, in the Westlake area, featuring 126 suites with lake views.
On the Singapore Exchange, UOL Group’s share price inched down S$0.01 or 0.14 per cent to close at S$7.00 (US$5.20) on Friday, September 24 for a market capitalisation of S$5.91 billion, with 1.48 million shares traded.
