Teho appoints Okura for Cambodia hotel project
Parties sign MOU for Tokyo-based group to operate The Okura Prestige Phnom Penh hotel
OFFSHORE and marine firm Teho International Inc Ltd (Teho) is making further inroads in property development, appointing Hotel Okura as the operator of a five-star hotel, The Okura Prestige Phnom Penh.
On Saturday, Teho said that its wholly owned subsidiary, Teho Development Cambodia Pte Ltd, has entered into a memorandum of understanding (MOU) with Hotel Okura.
"The MOU sets out the preliminary intentions of the parties with regard to the management and operation of the hotel and is subject to the signing of definitive agreements relating to the cooperation," Teho said.
