MELIÁ Hotels International has signed an agreement with Vietnam’s Hoang Anh Gia Lai (HAGL) Group on April 30 to manage the five-star Meliá Yangon.
Owned by HAGL, the 429-room hotel will be part of the mixed-use Hoang Anh Gia Lai Myanmar Centre and is one of HAGL’s largest real estate projects, with a total investment capital of US$440 million.
The 23-storey hotel will debut under phase one of the project, which will also see the completion of a 27-storey commercial centre and two office buildings.
CEO of HAGL Group, Vo Thuong Son, said the hotel will come equipped with modern facilities, such as a convention centre, conference halls, entertainment and sport areas, and European, Asian and local restaurants.
“As our tourism sector progresses on track, Meliá will support the shortage of hotel rooms for the rising number of tourist arrivals to the country,” said union minister of hotels and tourism, Htay Aung, at the signing ceremony.
The Spanish hotel chain recently signed two more Bali hotels and is planning to open hotels in Vietnam and China as part of its Asian expansion.