Hilton Worldwide has become the first major international hotel company to announce its entry into Myanmar.
The company has signed a management agreement with LP Holding Co Ltd to operate the Hilton Yangon, a 300 room hotel which is expected to open in the city's central Kyauktada Township area.
It is scheduled to open in 2014.
"This agreement is a significant milestone for us as it represents both Hilton Worldwide's and the Hilton brand's entry into Myanmar," said Andrew Clough, senior vice president, development, Middle East & Asia Pacific, Hilton Worldwide. "Backed by a strong partner like LP Holding Co., Ltd, we are very confident that as the first internationally branded hotel in Yangon, Hilton Yangon will set the benchmark for quality hospitality experiences catering to both domestic and international travelers."
The 21-storey Hilton Yangon is 14.3 kilometers away from Yangon International Airport and is part of Centrepoint Towers, a mixed-use development which includes high-end retail boutiques and a premium office tower.
Situated on the corner of Sule Pagoda Road and Merchant Street, the hotel will be located opposite Yangon's High Court building and Independence Monument Park. As the one of the tallest buildings in the city, it will also offer guests views across the Yangon skyline.
"Today's announcement represents our first partnership with Hilton Worldwide and combines the expertise of a truly global, award-winning hospitality company with strong local market expertise," said Richard Mayhew, Director, LP Holding Co., Ltd. "Myanmar, and Yangon in particular, is one of the most sought after destinations in Southeast Asia since the United States and United Kingdom lifted sanctions. Given the lack of internationally-branded, quality rooms in the market, Hilton Yangon is in a great position to take advantage of this undersupplied yet booming market."
Hilton Yangon will offer one all-day dining restaurant, two specialty restaurants, a destination sky bar and a lobby lounge. It will offer a total of 1,400 square meters of event space.
Image: © Hilton
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