The Myanmar Investment commission has given the go-ahead to the privately-owned Myat Min Company for the construction of two five-star hotels in Nyaungshwe, Taunggyi district of southern Shan State.
The permit was granted by the MIC in a meeting held on April 26.
The construction site for the hotel encompasses an 11-acre land plot in Mongthauk village tract, Nyaungshwe Township, while an international-standard hotel is also to be built on just over nine acres of land in Thaleoo village tract, Nyaungshwe Township.
According to the press release from the Ministry of Hotels and Tourism, there are 175 licensed hotels in Shan State with a total of 5,303 usable rooms that can provide accommodation.
Of the work permits submitted to the MIC by local businessmen this year, most are concerned with hotel construction projects, which include adding hotels in hotel zones and leasing ministry-owned land for the long-term.
There are 960 hotels in States and Regions of the country that have received permits for opening new facilities.
Source: ELEVEN Myanmar