Melia Hotels International signed an agreement with Vietnam’s Hoang Anh Gia Lai (HAGL) Group on April 30 to manage the 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 $440 million.
The 23-story hotel will debut under phase one of the project, which will also see the completion of a 27-story commercial center and two office buildings.
Vo Thuong Son, CEO of HAGL Group, said the hotel will come equipped with modern facilities, such as a convention center, 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 Htay Aung, union minister of hotels and tourism.