March 06, 2013 - YANGON, Myanmar and MCLEAN, Va. - Hilton Worldwide today marked its entry into the Burmese market with the signing of a management agreement with LP Holding Co., Ltd to manage Hilton Yangon in Kyauktada Township, Yangon, Myanmar. The first Hilton Worldwide property in Myanmar, the 300-room Hilton Yangon will also be the first Hilton Hotels & Resorts branded hotel and is scheduled to open in 2014.
"This agreement is a significant milestone for us as it represents both
Hilton Worldwide's and the Hilton brand's entry into Myanmar. Following
social and economic reforms the country has made over the past year,
has seen visitor arrivals grow by 45.1 percent compared to the previous
Yangon, in particular, is positioned to grow much faster than many
emerging market in Asia. Backed by a strong partner like LP Holding
we are very confident that as the first internationally branded hotel
Yangon, Hilton Yangon will set the benchmark for quality hospitality
experiences catering to both domestic and international travelers,"
Andrew Clough, senior vice president, development, Middle East &
Pacific, Hilton Worldwide.
"Hilton Hotels & Resorts is a global leader of hospitality and
Yangon represents another important new chapter for our brand's
collection in Asia Pacific. Given its prime location in downtown
hotel will meet the needs of both corporate and leisure travelers in
the world-class hospitality synonymous with our brand and Hilton
Worldwide," said Rob Palleschi, global head, Hilton Hotels &
The 21-storey Hilton Yangon is 14.3 kilometers away from Yangon
Airport and is part of Centrepoint Towers, a mixed-use development
includes high-end retail boutiques and a premium office tower. Located
65, the corner of Sule Pagoda Road and Merchant Street in the Kyauktada
Township, the hotel is located opposite Yangon's iconic High Court
the famous Independence Monument Park. As the one of the tallest
building in the city, hotel guests will enjoy impressive 365-degree
greater Yangon and easy accessibility to the downtown Colonial quarter
business district of the city.
"Today's announcement represents our first partnership with Hilton
Worldwide and combines the expertise of a truly global, award-winning
hospitality company with strong local market expertise. Myanmar, and
particular, is one of the most sought after destinations in Southeast
since the United States and United Kingdom lifted sanctions. Given the
internationally-branded, quality rooms in the market, Hilton Yangon is
great position to take advantage of this undersupplied yet booming
market," said Richard Mayhew, Director, LP Holding Co., Ltd.
Hilton Yangon will offer one all-day dining restaurant, two specialty
restaurants, a destination sky bar and a lobby lounge. Offering a total
1,400 square meters of event space including a 850-square meter
hotel will also have an Executive Floor, a business center, a fitness
pool, a spa and car park facilities.
Yangon boasts numerous tourism attractions such as the beautiful golden
which can be found dotted throughout the city, the most famous of which
Shwedagon Pagoda. Other key attractions include Kandawgyi Lake with its
Barge, numerous museums and well preserved examples of grand Colonial
architecture. Following the lifting of economic and social sanctions on
country, a number of international airline carriers have introduced new
into Yangon to cater for the rapid growth in demand for corporate
Arrivals into Yangon are expected to remain strong and with new foreign
investment laws passed in November 2012 aimed at bringing in foreign
the city is expected to generate high levels of growth across all
especially in the areas of mining, energy, telecommunications, banking,
estate, legal, healthcare and hospitality.
Read more about recent and upcoming Hilton Hotels & Resorts
openings at http://news.hilton.com/openings.
To view an interactive map featuring the Hilton Hotels & Resorts
development pipeline visit http://news.hilton.com/map.
About Hilton Hotels & Resorts
One of the most recognized names in the industry, Hilton Hotels &
stands as the stylish, forward thinking global leader in hospitality.
inaugural balls and Hollywood award galas to business events and days
remember, Hilton is where the world makes history, closes the deal,
special occasions and gets away from it all. The flagship brand of
Worldwide continues to build upon its legacy of innovation by
products and services to meet the needs of tomorrow's savvy global
while more than 144,000 Team Members shape experiences in which every
feels cared for, valued and respected. Today, the Hilton Hotels &
portfolio includes more than 550 hotels in 80 countries and the brand
synonymous with "hotel." Access the latest Hilton news at news.hilton.com
or begin your journey at www.hilton.com.
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Hilton Hotels &
Resorts is one of Hilton Worldwide’s ten market-leading brands.
About Hilton Worldwide
Hilton Worldwide is a leading global hospitality
company, spanning the lodging sector from luxurious full-service hotels
resorts to extended-stay suites and mid-priced hotels. For 93 years,
has offered business and leisure travelers the finest in
service, amenities and value. The company is dedicated to continuing
tradition of providing exceptional guest experiences across its global
Its brands are comprised of more than 3,900 hotels and timeshare
with 650,000 rooms in 90 countries and territories and include Waldorf
Hotels & Resorts, Conrad Hotels & Resorts, Hilton Hotels &
DoubleTree by Hilton, Embassy Suites Hotels, Hilton Garden Inn, Hampton
Homewood Suites by Hilton, Home2 Suites by Hilton and Hilton Grand
The company also manages the world-class guest reward program Hilton
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