Accor expands Myanmar portfolio

Construction News Myanmar

Accor expands Myanmar portfolio

AccorHotels and LP Holding have signed a joint agreement to develop three new hotels in Myanmar; one in Yangon and two in Mandalay, the country’s second largest city.

The partnership will see the opening of Mercure Mandalay Hill Resort and Pullman Yangon Centrepoint this year and Mandalay Hill Resort MGallery by Sofitel in 2020.

“We are very pleased to partner with LP Holding with the development of these three new properties in Myanmar. The three hotels are situated in strategic locations in Yangon and Mandalay, for tourists and business guests alike,” said, AccorHotels, upper southeast and northeast Asia chief operating officer Patrick Basset.

LP Holding Co director, Lertsak Nopburanand said: “After sanctions were lifted, Myanmar became one of the most sought-after destinations in Southeast Asia. These three hotels will give travellers additional hotel choices with the growing tourism in the country particularly in Mandalay, as the city continues to develop.”

In 2015, tourism was the driving force in the Myanmar economy where revenue grew by 19% as inbound traffic increased totally USD2.1 billion or more than 4% of the country’s GDP. In the next 10 years, the World Travel and Tourism Council projects that Myanmar’s tourism industry will rank second out of 184 countries for long-term growth. It was ranked 15th globally in 2016.

Mercure Mandalay Hill Resort will have 206 rooms offering views Mandalay Hill, the Royal Palace and the Irrawaddy River. It will feature three restaurants – Yadanabon, Mings Chinese and Kinsana Garden and two bars – Kipling’s Lounge Bar and Garden Tivaratee.

Pullman Yangon Centrepoint, with 300 rooms, is located opposite Yangon’s iHigh Court building and the famous Independence Monument Park. It will be part of the Centrepoint Towers, one of the tallest commercial buildings in the city.

Mandalay Hill Resort, MGallery by Sofitel, due to open in 2020, will feature 150 rooms and villas, a restaurant and bar.


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