Threatened treasures

Smart urban policy planning with an eye on preserving Yangon’s colonial-era and heritage buildings will determine the city’s future – and tourism appeal, writes Xinyi Liang-Pholsena In a region that has lost much of its architectural heritage, Yangon stands out for its intact colonial core, due to years of neglect and stagnancy under the military […]

Peninsula hotel owner plans to expand residential investment overseas

Hongkong and Shanghai Hotels, which owns 10 Peninsula hotels around the world, plans to expand its overseas residential developments for sale in a bid to finance part of its hotel expansion and bolster revenue. The group aims to include residential developments in London, Yangon in Myanmar, and possibly Bangkok. “It helps the investment we have […]

Luxury hotel agreement signed for former MR headquarters

Hongkong and Shanghai Hotels Limited and Yoma Strategic Holdings Ltd.,have signed an agreement to convert the former Myanmar Railways headquarters in downtown Yangon into a luxury hotel, they announced in a joint news release. The shareholders’ agreement to restore the former MR headquarters on BogyokeAung San Road into a hotel to be called The Peninsula […]