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Oxley Holdings inks MOU to develop Cambodia’s first Shangri-La hotel

It will be operated by Oxley Gem.

Oxley Holdings has inked a Memorandum of Understanding with Shangri-La International Hotel Management in relation to the management and operation of the first Shangri-La hotel in Phnom Penh, Cambodia.

The hotel will be developed by Oxley Gem, which is 75%-owned by Oxley Group and 25%-owned by WorldBridge Land.

Under the terms of the MOU, Oxley Gem will grant Shangri-La a 60-day exclusivity period to negotiate the management of the hotel. 

Oxley Gem will not engage or enter into negotiations with any hotel operators other than Shangri-La during this period. 

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