Peninsula Hotels Group has finally obtained the old Railways administration building in the city centre of Yangon to convert it into a deluxe hotel.
YANGON- Uncertainties surrounding the magnificent Gothic style of the old railways administration building is probably over. Hong Kong-based Peninsula Hotels Group is planning to build a hotel at the 100-year old building in the downtown Yangon, according to the Hong Kong and Shanghai Hotel (HSH). The group entered into a non-binding agreement with Singapore-based Yoma Strategic Holdings Ltd. (Yoma) last April.
According to the group, the proposed hotel is located on the site of the former headquarters of the Burma Railway Building in Yangon city centre, next to Scott’s Market, which is a major tourist attraction. The proposed hotel will be at the heart of a mixed-use development. The group will create a new joint venture with Yoma Strategic Holdings Limited. Peninsula could also be present with hotels in both Mandalay and Bagan.
The HSH founded the Peninsula Hotels group in 1866. It is a member of Hong Kong stock exchange and operating businesses in Asia, EU and US countries. Peninsula Hotels Group is running hotel business in Hong Kong, Beijing, Tokyo, Bangkok, Manila, New York, Chicago and Paris.
Luc Citrinot a French national is a freelance journalist and consultant in tourism and air transport with over 20 years experience. Based in Paris and Bangkok, he works for various travel and air transport trade publications in Europe and Asia.
