Superb 45 room hotel for sale | Russian Market central Phnom Penh

Details

This well-appointed 45-room hotel, located near Russian Market, central Phnom Penh is now for sale with an in-house restaurant, commercial kitchen, café and sky bar with swimming pool overlooking the city.

It is a superb investment opportunity in an optimal location with plenty of sight-seeing and shopping options nearby.

The hotel has a large reception area with 24-hour front desk, rooftop terrace, undercover parking. Each room has a flat screen TV, refrigerator and minbar.

It is located close to some of Phnom Penh’s popular landmarks like Wat Langka (1.5 km) and Academy of Arts (3 km), Tuol Sleng Genocide Museum (1 km), Central Market (1 km) and Bassac Lane (1.5 km).

While you’re here, be sure to check out some of the cafes including Cousin’s Burger & Coffee, Vibe Cafe and Daughters of Cambodia Visitor Centre Café. All are a short distance from the hotel.

Located near Russian Market, this hotel is in an historical district.

Travelers eager for a bit of culture can check out the National Museum, while others with shopping on the agenda may want to visit Tuol Tom Pong Market and AEON Mall.

If you’re a sports’ lover, see what’s going on at Olympic Stadium.

Hotel features:

• Land size: 15 x 20 metres (300 sqm hard title)
• Total floor area: 2,500 sqm
• Total floors: 12 (elevator access)
• Ground, 1st, and 11th floors are dedicated for office and restaurant
• 2nd to 9th floor are hotel rooms (total 45 rooms)
• Roof top floor with swimming pool and lounge area / deck
• Commercial kitchen
• Parking for 10 cars
• Fully equipped as a functional hotel

Original ID: TTP.M4

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We also have apartments, condos, office spaces for rent or for sale in Phnom Penh, Siem Reap, Kampot and Sihanoukville.

Russian Market area:

The busy districts surrounding Russian Market are some of the best in the city for tourists and locals alike. Its name harks back to the large Russian expat population back in the 1980s.

In the market, you will find many souvenirs, such as silk cloth and scarves from the provinces, stone carvings and other religious icons, western and local handbags and branded clothing from local factories.

Further inside is an array of fresh foods – fruit, vegetables, seafood and fish.

There are also household items like lamps, wood carvings, fabrics and kitchen wares. At night there are many restaurants serving freshly grilled seafood.

Well priced accommodation centre around the market and Wat Toul Tom Pong.

Nearby you will find many retail outlets catering to foreigners like – Zando, Sundown, Brand Collection, Corner Cafe, Vega, Brown, Starbucks and Amazon Cafe.

On virtually every corner there is a pub or bar where you can find anything from cheap beer to high-end wines and cocktails. If you live here, you will be within walking distance to everything.

Major retail to dominate city by 2025

According to a recent report, major retail spaces in the city of Phnom Penh are expected to dominate, growing to just under 1M sqm by 2025 across 62 shopping destinations.

This phenomenon is driven by the now global expectation of the youth generation (Gen Z and Millennials).

Quite simply, they want more and better shopping. They also want a wide range of entertainment options under one safe and comfortable air-conditioned roof.

They differ from previous generations in that they consider the journey to be as important as the destination.

If not, more. Shopping isn’t just about buying stuff, it’s about meeting friends and sharing experiences.

More and more, we are witness to product launches, fashion shows, dance and singing competitions (the list goes on) offered as extras to the shopping environment.

This is changing the major retail landscape in most cities across the globe… and now Phnom Penh.

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