Keppel Land divests Sedona Hotel Mandalay

KEPPEL Land has entered into a conditional sales and purchase agreement to divest its entire stake in Wiseland Investment (Myanmar) – which owns Sedona Hotel Mandalay – to Eden Hotels and Resort Co for US$41 million. The divestment, which comes on the heels of Keppel Land’s investment in Junction City Phase Two in Yangon, is […]

Keppel Land to jointly develop Yangon serviced residences

KEPPEL Land on Wednesday said that it has signed a conditional joint venture agreement with Burmese conglomerate Shwe Taung Group to develop premium serviced residences and offices in the next phase of Junction City. This is a mixed-use development in Yangon’s central business district. Keppel Land’s investment in this next phase will be about US$48.6 […]

Hoteliers hope to get slice of expanding market in Myanmar

YANGON: Myanmar is in urgent need of more quality and affordable hotel rooms to meet its forecast of attracting over three million tourist arrivals in 2015 and 7.5 million international visitors by 2020. By the end of 2013, it is expecting to welcome two million visitors. By the first quarter of 2016, Sedona Hotel Yangon […]