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Hilton signs with Myanmar firm to open five-star hotels
Publication Date : 13-06-2014
US hotel chain Hilton Worldwide Holdings Inc, has signed a joint venture with Eden Group Company Limited on June 11 to open five hotels in the next four years.
Two hotels currently run by Eden Group in the capital Nay Pyi Taw and at Ngapali beach resort will be rebranded as Hilton Nay Pyi Taw and Hilton Ngapali and upgraded to five-star hotels.
“Hilton will be taking on the management part as a priority and Eden will take on the finance,” Than Htut, Eden Group Company director told a press conference.
The renovation of the Hilton Nay Pyi Taw will be finished before November, aiming to provide up to 200 rooms for the 24th Asean Summit and closing ceremony.
Hilton also plans to manage hotels in Bagan, Mandalay and Inle Lake, the country's main tourist destinations according to Andrew Clough, senior vice president for Hilton Worldwide.
"The introduction of five Hilton properties to the key destinations of Nay Pyi Taw, Ngapali, Bagan, Mandalay and Inle Lake marks our commitment to Myanmar," he told Reuters news agency.
Hilton's first hotel project in Yangon, originally scheduled to open this year is now expected to open in late 2015 or early 2016 due to unexpected delays.
This has not deterred the company’s expansion in the face of Myanmar’s economic reforms and a surge in the number of tourists visiting the country.
Chit Khaing, the chairman of the Eden Group, added that the venture will bring more job opportunities better skills to the country.
The hotels and tourism industry is one of the fastest growing sectors in Myanmar which has seen a growing interest from global companies including Hilton, Accor Group, Shangri-la Group and Pan Pacific Hotels Group.