Start your hospitality business in Cambodia: finding a hotel for rent in Phnom Penh
Cambodia’s capital city Phnom Penh is home to currently the largest International Airport in the country. With over 6 million passengers passing through during 2019 it’s safe to say that Phnom Penh has well and truly arrived on the global tourism scene. Tourism now accounts for a third of Cambodia’s economy; hence at Knight Frank Cambodia we are seeing increasing enquiries from investors looking for a hotel to rent in Phnom Penh.
Since recorded figures began way back in 1993, (with a total of 118,183 tourists) Cambodia’s tourism numbers have come a long way.
So how do you go about getting in on the action? What should you consider when looking for a hotel to rent in Phnom Penh? Thankfully the hospitality leasing experts at Knight Frank Cambodia have compiled this advice to help you get started.
Which area is best to find a hotel for rent in Phnom Penh?
Location, location, location. When looking for a hotel to rent in Phnom Penh it’s important to be in one of the major tourist friendly districts. Daun Penh’s Riverside is lined with many hotels, guest houses, bars and restaurants. The area was once a backpacker favorite and in recent years has seen more boutique hotel accommodation popping up as the “flash-packer” generation with more money to spend and a demand for more luxurious amenities now descends upon Phnom Penh.
Hotels for rent in Daun Penh (Riverside)
Daun Penh and the Phnom Penh riverside area is also home to major tourist attractions such as The Royal Palace, Wat Phnom and National Museum. Many of the river cruises that traverse the Mekong River are also based here. The area is also home to the historic Raffles Le Royal and the swanky up market Rosewood hotel both of which play host to many of Phnom Penh’s high end business and leisure travelers.
Hotels for rent in BKK 1
One of the more affluent expat residential districts, BKK 1 also has many hotels and guest houses. A hive of activity the district is full of restaurants, bars, spas and all sorts of interesting eateries. The area has a wide range of existing hotels, guesthouses and hostels but there are still niches to be filled. BKK1 is just minutes away from the Phnom Penh Riverside and Independence Monument. Overall BKK1 would be a great starting point when looking for a hotel to rent in Phnom Penh.
For up to date information regarding available hotels for rent in Phnom Penh please contact the hospitality leasing team at Knight Frank Cambodia.
Please contact our professional team of real estate agents at +855 23 966 878 or enquiry@kh.knightfrank.com if you are interested in hospitality real estate in Cambodia.