Hilton Worldwide announced on Wednesday that it is set to to enter Myanmar with its Hilton Hotels & Resorts brand.
Hilton Worldwide, McLean, Virginia, signed an agreement with LP Holding Co. Ltd to manage Hilton Yangon in Kyauktada Township, Yangon, Myanmar. The 300-room hotel will be the first Hilton Worldwide property in Myanmar when it opens in 2014.
Hilton Yangon will offer one all-day dining restaurant, two specialty restaurants, a destination sky bar, a lobby lounge, approximately 15,000 sq ft (1,400 sq m) of event space, a fitness center, a pool, a spa and car park facilities. It is part of Centrepoint Towers, a mixed-use development which includes high-end retail and an office tower. The hotel is located opposite Yangon’s High Court building and Independence Monument Park.
“Following the social and economic reforms the country has made over the past year, Myanmar has seen visitor arrivals grow by 45.1% compared to the previous year. Yangon in particular is positioned to grow much faster than many other emerging markets in Asia,” 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.”