Kingdom Hotel Investments, headquartered in Dubai, has announced the $35 million acquisition of the Raffles Grand Hotel d'Angkor in Siem Reap and the Raffles Hotel Le Royal in Phnom Penh in Cambodia. Both hotels will continue to be managed by Raffles Hotels & Resorts. These acquisitions are Kingdom Hotel Investments' first in Cambodia, and grow the company's portfolio in Asia to eight properties in six countries.
