Vietnamese realty group Hoang Anh Gia Lai on Sunday put into operation a five-star hotel in Yangon, Myanmar.
The hotel is housed in the group’s Myanmar Center, located some eight kilometers from downtown Yangon, on Kaba Aye Pagoda Road in Bahan Township.
Hoang Anh Gia Lai (HAGL) Group is one of the leading real estate companies in Vietnam that focuses on the development of residential and commercial real estate in many principal economic centers, including Ho Chi Minh City and Da Nang City.
The company has been expanding regionally with real estate projects in Laos, Thailand and Myanmar.
Myanmar Center is a modern architectural ensemble made up of offices, retail spaces, residential units and a five-star hotel, with a total investment of US$440 million, Vo Truong Son, general director of HAGL Group, said at the inauguration ceremony.
The project is divided into two phases, the first of which consists of two grade-A office towers, one retail podium and a five-star hotel, while the second comprises two additional grade-A office towers and five residential blocks.
Operated by hotel chain Meliá Hotels International, one of Spain’s largest operators of hotel and holiday resorts, the five-star Meliá Yangon inaugurated on Sunday has 430 suites and a 2,000 square meter conference area.
Vietnamese Deputy Prime Minister Vu Duc Dam and senior officials of Myanmar, Laos, and Cambodia also attended the inaugural ceremony.
According to Myanmarese Minister of Hotels and Tourism U Htay Aung, HAGL’s Myanmar Center is the largest foreign-invested real estate project in the country at the moment.
Source: http://tuoitrenews.vn/business/36280/vietnam-real-estate-giant-opens-fivestar-hotel-in-myanmar
