PROJECT

Projects

Environmental Review Summary

Project Number

11596

Company Name

PRINCIERE RESORTS LIMITED

Date ERS Disclosed

Jul 9, 2002

Country

Cambodia

Region

East Asia and the Pacific

Environmental Category

B - Limited

Status

Completed

Previous Events

Approved : Nov 6, 2002
Signed : Jan 28, 2003
Invested : Mar 18, 2003

Sector

Resort Hotel (Including Lodges)

Industry

other

Department

Gbl Ind, Manufact, Agribus & Services

Project Description

The project consists of the renovation and operation of the Villa Apsara hotel in Siem Reap, Cambodia, as a 12 room, boutique hotel resort (the project or the hotel). The buildings to be refurbished a former guest lodge near the Angkor World Heritage Site. The project will be fully owned by Silverlink Holdings (the sponsor) and will be subject to the normal management agreements and marketed as a fully fledged Amanresort. The project will be the 13th Aman-operated hotel and would be operated as a separate corporate entity with oversight from Amanpuri in Thailand. The project cost is estimated at US$3.0 million, including contingencies and start-up expenses.

Environmental and Social

Conclusion & Monitoring