Vietnam’s Hoang Anh Gia Lai signs agreement with Spanish company for Yangon hotel

Vietnam-based Hoang Anh Gia Lai and Spanish Melia Hotels International have signed an agreement to jointly operate a five-star hotel that will soon open in Yangon. A signing ceremony was held at Yangon’s Sedona Hotel, attended by Htay Aung the Union Minister for Hotels and Tourism. Melia Hotels will only take care of managing part […]

Hotel investment reaches US$2.7bn

Foreign investment in the hotel sector has reached US$2.7 billion, Htay Aung, minister for hotels and tourism, said at a cooperation signing ceremony between Hoang Anh Gia Lai Myanmar and the Spain-based Melia Hotels International. “There are 47 hotels invested by foreign investors,” he said. Hotel investment is largely coming from Singapore, Vietnam, Thailand, Hong […]