Hilton Worldwide has marked its entry into the Burmese market with the signing of a management agreement with LP Holding to control Hilton Yangon in Kyauktada Township, Yangon, Myanmar.
The first Hilton Worldwide property in Myanmar, the 300-room Hilton Yangon can also be the 1st Hilton Hotels & Resorts branded hotel and is scheduled to open in 2014.
“This agreement is a vital milestone for us because it represents both Hilton Worldwide’s and the Hilton brand’s entry into Myanmar.
“Following the social and economic reforms the rustic has revamped the past year, Myanmar has seen visitor arrivals grow by 45.1 per cent in comparison to the former year1.
“Yangon, particularly, is positioned to grow much faster than many other emerging markets in Asia. Backed by a robust partner like LP Holding, we’re very confident that because 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 vp, development, Middle East & Asia Pacific, Hilton Worldwide.
The 21-storey Hilton Yangon is 14.3 kilometres far from Yangon International Airport and is a part of Centrepoint Towers, a mixed-use development which include high-end retail boutiques and a premium office tower.
Located at No. 65, the corner of Sule Pagoda Road and Merchant Street inside the Kyauktada Township, the hotel is found opposite Yangon’s iconic High Court building and the famous Independence Monument Park.
As the only of the tallest commercial buildings within the city, hotel guests will enjoy impressive 365-degree views of greater Yangon and simple accessibility to the downtown Colonial quarter and business district of the town.