Accor has identified a partner in Myanmar, Myat Min Co, to develop three newly-built hotels in the country, which has been seeing a rapid boom in tourism and foreign investment since its political situation has stabilised in recent years.
Myat Min Co is the biggest supplier of organic fertilizer in Myanmar, whose work also include rubber plantations and contract rice farming. Since 2010 however, the group has began converting some of its holdings into hospitality and real estate projects.
Pullman Yangon Myat Min, The Sebel Yangon Myat Min and Novotel Inle Lake Myat Min will bring Accor’s Myanmar development pipeline to six projects over the next three years. The group had announced its entry into the Myanmar market earlier this March with a new MGallery hotel, and two Novotel properties to be built by 2015 (see here).
The Sebel Myat Min (middle) and Pullman Yangon Myat Min (right)
Since moving towards a demorcracy in 2011, the country has benefitted from the lifting of many economic sanctions, and growing investor interest. In addition, many international airlines have initiated flights to Yangon, including Dragonair (see here) and Korean Air (see here).
“Southeast Asia has long been a strategic market for Accor, and as Myanmar's tourism industry develops, we see significant growth potential in this country,” said Patrick Basset, Accor’s senior vice president for Thailand, Vietnam, South Korea, Cambodia, Laos, Myanmar and the Philippines.
Pullman Yangon Myat Min will be the first hotel in Myanmar to hold the brand. According to the group, the property will provide international-standard quality services that serve all types of travellers. Upon completion in 2015, Pullman Yangon Myat Min will feature 300 guestrooms, two restaurants and bars, four banquet and meeting rooms, a fitness centre, swimming pool and spa.
The Sebel Yangon Myat Min will be a serviced apartment hotel with 100 rooms, making it an attractive choice for guests looking for long-stay accommodations. It will be located near Pullman Yangon Myat Min, and offer a restaurant, bar, two meeting rooms, a swimming pool and fitness centre. No opening date has been decided yet, but it will be the first Sebel branded property in Asia.
Finally, Novotel Inle Lake Myat Min represents one of Accor’s midscale full-service hotels, and will be located along the banks of Inle Lake, one of Myanmar’s natural attractions. It will feature 121 rooms, and is designed to be both business and leisure traveller-friendly. Opening in 2014, the hotel will have three restaurants, two bars, a ballroom, two meeting rooms, a business centre, swimming pool, fitness centre and spa.
For more information, visit www.accor.com