Zaykabar chair: Suu Kyi is ‘like a sister’

Real estate tycoon U Khin Shwe discusses his close friendship with Daw Aung San Suu Kyi, land confiscations associated with his company Zaykabar and his reputation as a crony of the former military regime, in an interview with The Myanmar Times. I understand that you have a close relationship with Daw Aung San Suu Kyi. […]

Wyndham Hotel Group Expands Asia Presence With First Property in Myanmar

YANGON, MYANMAR, Sep 02, 2015 – Wyndham Hotel Group today announced plans to expand its portfolio of offerings in Southeast Asia to Myanmar for the first time with the signing of a franchise agreement for a 260-room Wyndham Grand hotel in Yangon, the country’s capital city. Owned by Asia Myanmar Shining Star Company, the five-star […]

Stays at Yangon’s first Sheraton Hotel are two years away

Starwood Hotels & Resorts Worldwide, the corporation behind the Sheraton brand, has announced its first Myanmar outpost will open in 2017. The Sheraton Yangon Hotel will be the country’s first of its kind, as US sanctions had previously deterred Starwood from doing business in Myanmar. The hotel’s construction – including the price of land – […]

Starwood Hotels & Resorts Slated to Enter Myanmar with the Signing of Sheraton Yangon Hotel

SStarwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) today announced its market debut in the Republic of the Union of Myanmar with the signing of Sheraton Yangon Hotel, a new build property in the dynamic capital city. Owned by Family Business Group Hotel Limited, the milestone signing builds upon the Sheraton first mover advantage in the […]

Business hub sets up shop in Dagon

The York Center office building on Yangon’s Yaw Min Gyi Street aims to open its door this month, offering minimum six-month leases to firms looking for office space. Scipio Services has agreed to a management services agreement with the property owner, rather than developing the project through a long-term lease on Build-Operate-Transfer terms often employed […]

Yangon to get 1670 hotel rooms next year

The shortage of mid-range and high-end hotel rooms in Yangon should ease next year when 1670 new hotel rooms are slated to become available, a Ministry of Hotels and Tourism official said earlier this month. A further 1255 and 2455 rooms are scheduled to open in 2014 and 2015 respectively, U Aung Zaw Win, director […]

Faint Waft for Now from Yangon’s Budding Coffee Culture

The same breeze blowing up through the wooden decking ripples the surface of the lake outside, around which umbrella-shaded couples and families amble along the tree-lined waterfront, pausing to pose for photos under softly rustling fronds. Kandawgyi Lake is one of Rangoon’s best-known time-out spots, and inside Nervin’s Café and Bistro—propped up 10 or so […]