YANGON, Myanmar
Starwood Hotels & Resorts Worldwide, Inc. announced its market debut in the Republic of the Union of Myanmar with the signing of Sheraton Yangon Hotel, a new build property in the dynamic capital city scheduled to open in 2017. Owned by Family Business Group Hotel Limited, the milestone signing builds upon the Sheraton first mover advantage in the region, meets accelerating demand, and brings the brand's Asia-Pacific portfolio to 73 hotels and 37 resorts.
"Touted as Asia's final frontier, Myanmar presents immense potential for rapid growth and we are excited to share our engaging brand programming and innovative social spaces with the burgeoning nation," said Lothar Pehl, Senior Vice President, Operation and Global Initiatives, Starwood Hotels & Resorts Asia Pacific.
Located in the Tamwe Township, near Kandawgyi Lake, the Sheraton Yangon Hotel will feature 375 guest rooms outfitted with signature brand amenities. Other property offerings will include Shine Spa for Sheraton, three dining venues, and recreation facilities ranging from a swimming pool to a state-of-the-art Sheraton Fitness centre. With function space totaling over 20,000 square feet, Sheraton Yangon Hotel will be an ideal choice for meetings, weddings and functions.
"Sheraton already has a strong footprint across Southeast Asia and the signing of Sheraton Yangon Hotel signals the next great international expansion opportunity," said Rajit Sukumaran, Senior Vice President, Acquisitions and Development, Starwood Hotels & Resorts Asia Pacific.
Sheraton Yangon Hotel will open during an exciting period in the country, spurred by a major investment from the Ministry of Hotels and Tourism that has encouraged four million international arrivals in 2015 alone. Yangon boasts a number of top tourist attractions, including the iconic Shewedagon Pagoda—the single most important religious site in all of Myanmar—located within two miles of the hotel.
As the country's largest city, Yangon operates as the country's principal political, cultural, and commercial center. An easy 20 minutes from the Yangon International Airport, Sheraton Yangon Hotel will help meet the strong demand for quality accommodation for business and leisure travelers alike.
The signing of Sheraton Yangon Hotel follows the announcements of key pipeline hotels for Starwood in the region, including Sheraton Danang Resort, Four Points by Sheraton Danang in Vietnam, The Westin Manila Sonata Place in the Philippines, and Four Points by Sheraton Bali, Kuta in Indonesia.
