Hong Kong-listed NagaCorp says that its impending US$3.5 billion Naga3 development at its Cambodian integrated resort NagaWorld will set a new quality standard to rival the very best IRs in Macau.
New details of Naga3 formed part of a filing with the Hong Kong Stock Exchange overnight in which NagaCorp outlined proposed facilities for the development, including 4,720 hotel rooms across five towers and multiple gaming and entertainment facilities.
According to the filing, the five hotel towers will be connected by an amended 11-storey podium incorporating the hotel lobby, gaming, retail, restaurants, a theme park, spa and conference space. The podium had originally been planned as 12-storeys.
Towers 1 and 4, measuring 45 storeys including the 11 podium levels, will incorporate 30 storeys of hotel space and two storeys of VIP gaming on Levels 43 and 44.
Towers 2 and 3, measuring 66-storeys, will include a Sky Deck, swimming pool meeting and events space, 50-storey hotel and another 2 storeys of VIP gaming on Levels 64 and 65.
The 48-storey Tower 5 will feature a 30-storey Condotel, 14 storeys of car parking and two storeys of meeting and events service space. In total, Naga3 will cover 544,801 square meters of land.
“Upon completion, Naga 3 will be the largest integrated resort in the country,” NagaCorp said. “Set within five modern purpose-built towers, it will complement the existing facilities at Naga 1 and Naga 2 with a quality standard set to rival that of the integrated resorts located in Macau.”
As previously reported by IAG, 50% of the US$3.5 billion development cost will be funded by NagaCorp’s majority shareholder, Dr Chen Lip Keong.
