HomeMMBIZ NewsAccor Inks JV Deal for Three Myanmar Hotels

Accor Inks JV Deal for Three Myanmar Hotels

Hotel group Accor has signed an agreement with local company Myat Min Co to develop three new hotels in Myanmar.

The hotels will be located in Yangon and Inle Lake, Shan state and will be named Pullman Yangon Myat Min, The Sebel Yangon Myar Min and Novotel Inle Lake Myat Min, according to industry reports, which will bring Accor’s development within Myanmar to six projects over the next three years.

“Accor is proud to announce the signing of three hotels with our new partners, Myat Min Co Ltd, making this one of the largest hospitality partnerships in Myanmar,” said Patrick Basset, Accor’s Senior Vice President for Asia Pacific. “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 as well. With this milestone, we have announced a total of six hotel projects in Myanmar and we look forward to helping to further develop the country’s tourism infrastructure in the years to come,” he added.

Phyo Hla Wai, managing director of Myat Min Co Ltd, said, “We are excited to partner with Accor, one of the world’s leading hotel operators. This partnership will unquestionably enhance the capability to drive more business into the hotels from this international market through their strong distribution channel and renowned hotel brands. We are excited about the opportunities that this partnership presents for both our companies.”

The Pullman Yangon Myat Min will be the first Pullman-brand hotel in the country. Expected for completion by 2015, it will house 300 rooms as well as a host of other facilies including a swimming pool and spa facilities.

The Sebel Yangon Myat Min will be serviced apartments with 100 rooms, aimed at guests staying in the city for longer stays.

The Novotel Inle Lake Myat Min will be an upper-midscale hotel with 121 rooms, located on the banks of Inle Lake, one of the country’s most popular tourist destinations. It is scheduled to open in 2014.

Accor is one of the world’s leading hotel operators and is present in 92 countries with nearly 3,600 hotels and 460,000 rooms. It’s brand portfolio includes Sofitel, Pullman, MGallery, Grand Mercure, Novotel, Mercure and Ibis.

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