TEHO International Inc announced that its wholly-owned indirect subsidiary, TEHO Development Cambodia, has entered into a hotel management agreement with Hotel Okura Co.
Okura is to provide technical services to TEHO Cambodia in the planning, furnishing and equipping of its hotel in Cambodia, TEHO said in a release to the Singapore Exchange on Friday. Okura will also assist TEHO Cambodia in managing and operating the hotel, known as The Okura Prestige Phnom Penh.
The hotel, located in Phnom Penh, is part of TEHO Cambodia's integrated development project, The Bay. Aside from the hotel, The Bay also offers upscale residential condominiums and retail space.