Ascott to open its first serviced apartments in Cambodia

The Ascott Limited will open the CASA Meridian Residence, in Phnom Penh’s residential and retail hub Koh Pich.

CASA Meridian Residence features 75 fully-furnished residences on the top 13 floors of the 34-storey integrated development CASA by Meridian, which also comprises a high-end shopping mall, office space and wellness facilities. Facilities include an infinity swimming pool, children's wading pool, jacuzzi, indoor playroom, yoga room, sauna, club house and fully-equipped gymnasium as well as business support amenities such as a conference room, meeting room and serviced offices for rental.

Lew Yen Ping, Ascott's country general manager for Vietnam, who oversees the company's expansion in Cambodia, Myanmar and Laos, said: "We expect significant demand for our first property in Cambodia, CASA Meridian Residence, as it is the first international-standard serviced residence in the country's capital and economic hub Phnom Penh," she said.

"In addition, Cambodia has achieved sustained economic progress and strong international tourist arrivals. Ascott will be able to leverage first-mover advantage as we open our second property in the city - Somerset Norodom Phnom Penh in 2018. CASA Meridian Residence will provide corporate travellers, expatriates and their families a balanced living experience, the comfort of home and Ascott's signature hospitality by our well-trained team," Ms Lew added. With our entry into Cambodia, Ascott is now present in nine out of 10 countries in Asean, giving us a strong foothold in the region."

"Asean member states recently signed pacts to boost transport links to make it easier for cross-border travel. With greater connectivity, business activities and investment are expected to increase, driving demand for serviced residences. We will continue to explore opportunities to grow Ascott's presence in Cambodia and other Asean markets to reap benefits from greater economies of scale and expand our network of properties for customers," she said.

CASA Meridian Residence will provide a selection of apartments between levels 22 and 34 across two towers. These range from studio apartments to one-, two- and three-bedroom apartments.

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