IHG Hotels & Resorts to Open Crowne Plaza Phnom Penh This Year

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Cambodia, Phnom Penh. January 02, 2026

IHG Hotels & Resorts (IHG), one of the world's leading hotel companies, announces the signing of Crowne Plaza Phnom Penh in partnership with real estate development and investment company Continent Crown Investment Management Co., Ltd.

Integrated within CG Fortune Center, a mixed-use development featuring office, retail, and entertainment outlets, the 276-room property will rebrand in two phases following its conversion from VM Hotel.

Crowne Plaza Phnom Penh will open with 137 refurbished rooms and suites by the end of this year, after which a new extension wing with an additional 139 keys will be ready by 2027, increasing both guest room and meeting space inventories.

Shi'ai Liang, Senior Director, Development, South East Asia & Korea, IHG said: "The signing of Crowne Plaza Phnom Penh is an exciting landmark for us and a major step forward in our ambition to grow our presence in the country. It is a fantastic addition to a portfolio of four open and pipeline IHG hotels including Six Senses Krabey Island.""We are delighted to work with Continent Crown Investment Management Co., Ltd and thank them for their ongoing trust and partnership. Together, we will introduce the reimagined Crowne Plaza brand to Phnom Penh and introduce our guests to its signature hallmarks of curated social spaces and purpose-driven experiences."

Crowne Plaza Phnom Penh will be situated on Russian Boulevard in the Pou Senchey district, an industrial hub that is home to nearly 40% of the country's factories and encompasses the Phnom Penh Special Economic Zone (PPSEZ), the location of more than 100 businesses.

Mr. Wei Ma, Director, Continent Crown Investment Management Co., Ltd., said: "We are pleased to partner with IHG for the first time and together develop our vision for this fantastic hotel. Crowne Plaza quickly became our chosen brand for this project, thanks to its global reputation for delivering outstanding stays that cater for guests travelling for business, leisure or a blend of both.""Situated within the capital's industrial district and the PPSEZ, Crowne Plaza Phnom Penh will be ideally located for travellers seeking to access its many businesses and attractions. We look forward to welcoming our first guests through its doors this December."

When fully opened, facilities at Crowne Plaza Phnom Penh will include 276 guest rooms and suites, over 1,000 square metres of meeting spaces, three restaurants and a bar, a swimming pool and fitness centre.

Conversions represented about 57% of the company's room openings globally in H1 2025, while in Southeast Asia, conversions represented more than a third of its signings and about a quarter of its openings over the same period. This demonstrates the increasing demand from ownership groups to gain fast access to IHG's enterprise system and channels to support performance and drive returns.

Crowne Plaza is a globally trusted brand with more than 400 properties in key city, airport, resort, and suburban destinations, featuring purpose-driven designs, thoughtful amenities and service focused on connection. The brand's recent refresh introduces a new visual identity and enhanced guest-facing programmes designed with blended travel in mind, reinforcing its role as a pioneer and thought leader in the premium hotel space.

Crowne Plaza Phnom Penh joins IHG's growing estate in Cambodia comprising one open hotel, Six Senses Krabey Island, and three pipeline properties - Crowne Plaza Phnom Penh, Vignette Collection Phnom Penh Odom and InterContinental Sihanoukville.