fbpx

Colliers Property Report – Myanmar Hotel Quarterly Q4 2018

SUMMARY & RECOMMENDATIONS No new completions were observed in Yangon as of Q4 2018. Few select developments that were anticipated to open during the quarter have seen limited construction developments. In turn, increases on both occupancy and ADR levels transpired. Nonetheless, hotel investments in Yangon continue to surge as supported by the new government policies […]

Hilton & Resorts to open Hilton Times City Yangon

The US-based Hilton & Resorts will open Hilton Times City Yangon, for fourth of its kind in 2022. A ceremony to sign MoU on management to open Hilton Times City Yangon with 308 rooms in Yangon, the commercial city was held at Times City on January 12. Hilton Times City Yangon is being jointly built […]

MIC approves 31 investments in January

The Myanmar Investment Commission approved 31 new local and foreign projects in January, mostly in the real estate and garments sectors, according to figures published by the Directorate of Investment and Company Administration. Of these, 15 were foreign, adding to the 138 international investments approved by the MIC since the start of this fiscal year. […]

Hilton to sign with Crown Advanced for Yangon hotel

International hotel chain Hilton Worldwide is preparing to sign a deal with local conglomerate Crown Advanced Construction to operate a hotel in central Yangon, a director at the Myanmar firm told The Myanmar Times. The news comes more than two years after Hilton Worldwide signed a deal with Thailand-based LP Holdings in March 2013 to […]