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
the
social and economic reforms the country has made over the past year,
Myanmar
has seen visitor arrivals grow by 45.1 percent compared to the previous
year.
Yangon, in particular, is positioned to grow much faster than many
other
emerging market in Asia. Backed by a strong partner like LP Holding
Co., Ltd,
we are very confident that as the first internationally branded hotel
in
Yangon, Hilton Yangon will set the benchmark for quality hospitality
experiences catering to both domestic and international travelers,"
said
Andrew Clough, senior vice president, development, Middle East &
Asia
Pacific, Hilton Worldwide.
"Hilton Hotels & Resorts is a global leader of hospitality and
Hilton
Yangon represents another important new chapter for our brand's
rapidly-growing
collection in Asia Pacific. Given its prime location in downtown
Yangon, this
hotel will meet the needs of both corporate and leisure travelers in
delivering
the world-class hospitality synonymous with our brand and Hilton
Worldwide," said Rob Palleschi, global head, Hilton Hotels &
Resorts.
The 21-storey Hilton Yangon is 14.3 kilometers away from Yangon
International
Airport and is part of Centrepoint Towers, a mixed-use development
which
includes high-end retail boutiques and a premium office tower. Located
at No.
65, the corner of Sule Pagoda Road and Merchant Street in the Kyauktada
Township, the hotel is located opposite Yangon's iconic High Court
building and
the famous Independence Monument Park. As the one of the tallest
commercial
building in the city, hotel guests will enjoy impressive 365-degree
views of
greater Yangon and easy accessibility to the downtown Colonial quarter
and
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
Yangon in
particular, is one of the most sought after destinations in Southeast
Asia
since the United States and United Kingdom lifted sanctions. Given the
lack of
internationally-branded, quality rooms in the market, Hilton Yangon is
in a
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
of
1,400 square meters of event space including a 850-square meter
ballroom, the
hotel will also have an Executive Floor, a business center, a fitness
center, a
pool, a spa and car park facilities.
Yangon boasts numerous tourism attractions such as the beautiful golden
pagodas
which can be found dotted throughout the city, the most famous of which
is the
Shwedagon Pagoda. Other key attractions include Kandawgyi Lake with its
Royal
Barge, numerous museums and well preserved examples of grand Colonial
architecture. Following the lifting of economic and social sanctions on
the
country, a number of international airline carriers have introduced new
routes
into Yangon to cater for the rapid growth in demand for corporate
travelers.
Arrivals into Yangon are expected to remain strong and with new foreign
investment laws passed in November 2012 aimed at bringing in foreign
capital,
the city is expected to generate high levels of growth across all
industries
especially in the areas of mining, energy, telecommunications, banking,
real
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 &
Resorts
stands as the stylish, forward thinking global leader in hospitality.
From
inaugural balls and Hollywood award galas to business events and days
to
remember, Hilton is where the world makes history, closes the deal,
toasts
special occasions and gets away from it all. The flagship brand of
Hilton
Worldwide continues to build upon its legacy of innovation by
developing
products and services to meet the needs of tomorrow's savvy global
travelers
while more than 144,000 Team Members shape experiences in which every
guest
feels cared for, valued and respected. Today, the Hilton Hotels &
Resorts
portfolio includes more than 550 hotels in 80 countries and the brand
remains
synonymous with "hotel." Access the latest Hilton news at news.hilton.com
or begin your journey at www.hilton.com.
Social media users can engage
with Hilton at www.twitter.com/hiltonhotels,
www.facebook.com/hilton
and www.youtube.com/hilton.
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
and
resorts to extended-stay suites and mid-priced hotels. For 93 years,
Hilton Worldwide
has offered business and leisure travelers the finest in
accommodations,
service, amenities and value. The company is dedicated to continuing
its
tradition of providing exceptional guest experiences across its global
brands.
Its brands are comprised of more than 3,900 hotels and timeshare
properties,
with 650,000 rooms in 90 countries and territories and include Waldorf
Astoria
Hotels & Resorts, Conrad Hotels & Resorts, Hilton Hotels &
Resorts,
DoubleTree by Hilton, Embassy Suites Hotels, Hilton Garden Inn, Hampton
Hotels,
Homewood Suites by Hilton, Home2 Suites by Hilton and Hilton Grand
Vacations.
The company also manages the world-class guest reward program Hilton
HHonors®.
Visit www.hiltonworldwide.com
for more information
and connect with Hilton Worldwide at www.facebook.com/hiltonworldwide,
www.twitter.com/hiltonworldwide,
www.youtube.com/hiltonworldwide,
www.flickr.com/hiltonworldwide
and www.linkedin.com/company/hilton-worldwide.