fbpx

Daewoo Amara Hotel – the biggest hotel project in Myanmar

The Daewoo Amara Hotel aims to be Myanmar’s largest hotel complex when it opens its doors in 2016, according to company officials.

The projects spans two high-class hotels on Sin Phyu Shin Avenue near Inya lake in Kamaryut township at a cost of more than US$200 million – or about $300,000 for every one of its 661 rooms.

It’s a joint venture between a group of Korean companies with an 85 percent stake – including Daewoo International, KDB Daewoo Securities, POSCO E&C and Lotte Hotels & Resorts – and a group of Myanmar companies with a 15pc stake.

The high-rise hotel will have 29 floors with 315 rooms and the luxury hotel 15 floors with 346 rooms, said Han Chan Kan, the CEO of the project.

The luxury hotel will offer a convention hall, indoor and outdoor pools, Korean and Chinese restaurant, and all-day dining and club lounge.

“The high-rise hotel’s interior main design motif is Myanmar, the country with beautiful lakes, going through a transition stage while preserving tradition,” said Mr Han.

“These hotels will fit with the beauty of Inya Lake,” he added.

Construction began in February on the site and the complex will encompass a floor area of 104,123 square metres when it is finished.

“This hotel symbolises the friendship between Korea and Myanmar. Citizens will gain many job opportunities from this five star hotel,” U Myint Swe, the chief minister of Yangon Region, said of the project.

Source: Myanmar Times

NB: The best way to find information on this website is to key in your search terms into the Search Box in the top right corner of this web page. E.g. of search terms would be “property research report”, ”condominium law”, “Puma Energy”, “MOGE”, “yangon new town”,”MECTEL”, “hydropower”, etc.

.

Looking for foreign investors to invest in your business in Myanmar