Teho appoints Okura for Cambodia hotel project
Parties sign MOU for Tokyo-based group to operate The Okura Prestige Phnom Penh hotel
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
