Hotel For Sale in Phnom Penh – 14 Bedrooms in Daun Penh

[Jack Smith]

No dig at IPS.. I know them and have used them in the past...

But, just how long is left on the lease?

$120k for the lease on a place that barely has 50% occupancy at any time of year.... this would seem a risky investment.

[IPS Cambodia]

Morning Rama,

Sorry if you feel our posts are snarky, they are meant to be informative. Given the comments on some of our ads & blogs i personally think we are doing a sweet job of replying in a positive manner. However this of course is subjective to the reader.

If you do have any real estate needs come in and talk to us, i think you will be pleasantly surprised.

Enjoy your weekend,
IPS

[ken svay]

The better, long established hotels are still making good money but the clock is ticking on leases. The longer established ones only have a couple of years left, the later ones like Paradiso maybe just over three years. There is certain to be a shakeout, some leases may be renewed at reasonable rates, others may be slugged unreasonably. And others might be taken over by the Khmer owners believing that they have the knack.
Siem Riep hotels seem to be struggling, there are so many for sale on facebook but the figures just don't add up. But a savvy operator with connections and a good chef could still succeed although the changes to the tax system and charges by Agoda and other agents do take quite a toll.