Home MMBIZ News Shwe Taung, Pan Pacific Reach Agreement on 5-Star Hotel in Yangon

Shwe Taung, Pan Pacific Reach Agreement on 5-Star Hotel in Yangon

The Shwe Taung Group has reached an agreement with international hotel chain Pan Pacific Hotels Group to construct a five star hotel located close to Yangon’s downtown.
The Pan Pacific Hotel Yangon will be located on the southern side of Bogyoke Aung San road, opposite the market by the same name, according to state-run New Light of Myanmar.
In March 2012, Yangon City Development Committee (YCDC) invited a tender for the implementation of a project that will include an office tower, apartments, a shopping centre and the hotel.
The project, designed by DP Architects of Singapore, will be developed under two phases. The first phase will include the construction of a 23-storey office tower, the 20-storey hotel and some parts of the shopping centre, before the second phase which includes a 28-storey apartment building, the remaining aspects of the shopping mall as well as parking for 1,500 vehicles.
No time scale has yet been given for the project.
The project is expected to create at least 2,000 jobs and comes at a time when hotel rooms are much needed in Yangon due to the increasing demand in Myanmar’s tourism industry.
As part of their CSR campaign for the project, Shwe Taung will build a primary school alongside the hotel’s site.
Pan Pacific currently operates around 30 high-quality hotels worldwide and also operates the Park Royal brand of hotels.

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