Eden Group’s Eden Hotels & Resort Co Ltd plans to construct a world-class hotel through build-operate-transfer system.
The proposal was submitted to Myanmar Investment Commission and granted a permit on January 16 under the Citizenship Investment Law.
The company has been permitted to build the hotel at Ring No 201, Kun Chan Ring, Zee Phyu Kone Village Tract, Thandwe, Rakhine State.
The Ministry of Hotel and Tourism has granted licences to build hotels, motels and guest houses in 14 regions and states as of October 2014.
Eden Group has signed a contract with the US-based Hilton Worldwide Company in June last year to construct the five-star hotel.