Shangri-La International Hotel Management Ltd, who operate the centrally-located Traders Hotel in Yangon, will open its in second hotel in the city in 2017.
Located on the banks of Kandawgyi Lake, the 350-room Lakeside Shangri-La Yangon, will be located near the Shangri-La Residences that have recently been opened, and are also operated by the group.
Speaking at the official groundbreaking ceremony for the new hotel development on December 8, Greg Dogan, Shangri-La president and chief executive officer, said, “The steady increase of domestic and foreign investment in Myanmar’s economic capital makes Yangon an important commercial centre. Along with the city’s period buildings, traditional architecture and historic charms, it’s easy to see the multi-faceted attractions of Yangon. We look forward to further contributing to the city’s tourism and welcoming visitors with Shangri-La’s hospitality from the heart.”
The development will also include three restaurants, two bars, meetings and convention space, a health club and an outdoor swimming pool. Guests will also have access to the 44.5-hectare Kandawgyi Nature Park and the Yangon Zoological Gardnens, both which surround the lake.