InterContinental Hotels Group is losing another InterContinental hotel in Asia when InterContinental hotel in the Cambodia’s capital of Phnom Penh will exit the system effective February 1, 2018.
The hotel owner will rebrand the property as The Great Duke Phnom Penh (and hopefully do some renovations as well).
You can access InterContinental Phnom Penh’s IHG page here.
Here’s the announcement on the hotel’s website:
Special Announcement: Starting February 2018, this hotel will no longer be managed by IHG. After 20 years of ownership and leadership in setting the standard for luxury hotels in Cambodia, Regency Company Limited is now delighted to announce the countdown to setting the cutting-edge benchmark for premium luxury hospitality services in Phnom Penh. Proudly announcing The Great Duke Phnom Penh as it begins the takeover process of InterContinental Phnom Penh.
It is sad to see InterContinental losing properties in the Asian capital cities. Manila, Jakarta and now Phnom Penh all lost their InterContinental hotels over the past couple of years.
The problem with the asset light strategy that all the hotel chains have adopted is that they own very few if any of the properties that fly their flags. Local operators have started to believe that these hotels can succeed even when they don’t carry international brands that are expensive to operate.
There are two Accor brands in Phnom Penh: Raffles and Sofitel. Probably need to choose one of these two when next time in the city. I have stayed at the InterContinental couple of times. It wasn’t the most modern property per my recollection.
This hotel used to be a staple on the IHG’s PointBreaks costing 5,000 points per night. The hotel appeared on the PBs at least once or twice a year.