Hotel developments can take various forms, depending on the target market, location, investment strategy, and intended use.
Full-service hotels, such as can be found within luxury resort areas, offer a wide range of amenities, including restaurants, room service, conference facilities, gyms, and are focussed on business travelers, tourists, and conference attendees.
Limited-service hotels typically don’t offer on-site restaurants or extensive leisure facilities, and are aimed a the budget-conscious traveler, or those looking for a more simple and cost-effective stay.
Boutique hotels will usually have a unique design or purpose, often associated with the location, character, and even the owner who may be a famous personality.
Luxury hotels are high-end accommodation as inferrred by the title to offer exceptional services, and all the luxury amenities one would expect such as fine dining, spas, private pools, and concierge services.
Affluent tourists, business executives, and travelers seeking premium services and exclusivity would more than likely be foyund using a hotel that comes under the luxury category, hotels such as Five-star hotels, and brands like Ritz-Carlton and Four Seasons.
Resort hotels are located in leisure destinations (beaches, mountains, or resorts), and these hotels provide recreational amenities like golf courses, pools, spas, and activities.
Extended-Stay hotels, such as Residence Inn by Marriott, offer accommodations designed for longer stays, featuring larger rooms with kitchenettes or full kitchens, and are aimed at people who are relocating, or guests needing temporary housing.
Select-Service Hotels, such as Courtyard by Marriott and Hampton Inn, are similar to limited-service but may offer some extra amenities like a small breakfast bar or convenience shop.
Mixed-use developments are integrated into larger complexes that include other types of real estate such as offices, retail spaces, and even residential areas. These offer an all-in-one urban experience, often encompassing the skyscrapers or properties combined with shopping malls or residential buildings.
Convention center hotels, that are located next to or within convention centers and are designed to accommodate large groups for events, conferences, and conventions, and cater to conferences, corporate sessions, and exhibitors.
Each type of hotel development caters to a wide range of market needs, from budget stays to high-end luxury experiences.
Why Buy or Invest in New Real Estate Developments in Cambodia.
Cambodia has seen consistent economic growth in recent years, with the real estate sector being one of the key drivers. As the economy develops, demand for residential, commercial, and industrial properties increases, making it a lucrative market for both local and foreign investors.
Cambodia’s growing middle class is a significant driver of demand for housing and modern living spaces. As incomes rise, there is increasing demand for high-quality residential and commercial properties, which presents an opportunity for real estate developers and investors.
Cambodia has become an increasingly popular tourist destination, with landmarks like Angkor Wat attracting millions of visitors each year. The tourism sector fuels demand for hotels, resorts, and other mixed-use commercial properties, making it an appealing market for investors in hospitality real estate.
The Cambodian government has been investing in infrastructure projects, including new roads, airports, and public transportation networks, which improve connectivity and make areas previously underserved more attractive for real estate development. This boosts the potential for appreciation in real estate prices.
Cambodia’s real estate market is seeing an increasing number of new residential developments, catering to various price points, from luxury apartments to more affordable housing for locals. This diversity in offerings allows investors to find projects that match their investment goals.
Compared to other neighboring countries in Southeast Asia, real estate in Cambodia can be more affordable, especially in emerging cities. For example, Phnom Penh is still considered to have affordable property prices relative to other major cities like Bangkok or Ho Chi Minh City, but this is changing as demand grows.
