Another beach goes private
February 6, 2008
Queenco Leisure International Ltd said it has purchased 9 hectares of land in Sihanouk Ville, a coastal area in the south-west of Cambodia, for 10 mln usd, which it plans to develop as a destination beachfront resort and casino, including hotels and conference centres.
The casino developer and operator said as part of the acquisition, it has also acquired exclusive rights from the Cambodian government for the stretch of beach immediately in front of the site.
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Today’s announcement follows the company’s acquisition of 48 hectares of land in Sihanouk Ville in February 2007, Queenco added.
Thompson doesn’t say which beach Queenco just bought, but considering the beaches that haven’t been sold off, and considering the size of the purchase, 57 hectares in total, there’s not many options, are there? Although it’s just speculation at this point, Otres seems the only candidate.
POSTSCRIPT: Shops on Otres beach got the notice yesterday — Happy New Year! Now get out.
February 7, 2008 at 12:34 am
[...] are Sketchy writes about more and more beaches in the city of Sihanoukville going private. Share [...]