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Paragon Hotel is a great choice for the budget traveller, looking for a good quality but cheap hotel along the riverside in Phnom Penh.  Rooms at Paragon Hotel are spacious, comfortable and offer communal balconies from which to view the Mekong.  Paragon hotel is within walking distance of the Royal Palace, old market (Phsar Kandal), National Museum, and plenty or restaurants, cafes and bars.