Hilton Worldwide has marked its entry into the Burmese market with the signing of a management agreement with LP Holding to manage Hilton Yangon in Kyauktada Township, Yangon, Myanmar.
The first Hilton Worldwide property in Myanmar, the 300-room Hilton Yangon will also be the first Hilton Hotels & Resorts branded hotel and 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.
“Following the social and economic reforms the country has made over the past year, Myanmar has seen visitor arrivals grow by 45.1 per cent compared to the previous year1.
“Yangon, in particular, is positioned to grow much faster than many other emerging markets in Asia. Backed by a strong partner like LP Holding, 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 travellers,” said Andrew Clough, senior vice president, development, Middle East & Asia Pacific, Hilton Worldwide.
The 21-storey Hilton Yangon is 14.3 kilometres 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.
Located at No. 65, the corner of Sule Pagoda Road and Merchant Street in the Kyauktada Township, the hotel is located opposite Yangon’s iconic High Court building and the famous Independence Monument Park.
As the one of the tallest commercial buildings in the city, hotel guests will enjoy impressive 365-degree views of greater Yangon and easy accessibility to the downtown Colonial quarter and business district of the city.