US-based Wyndham Hotel Group is poised to enter the Myanmar market after signing a management agreement for a 260-room hotel overlooking Yangon’s Kandawgyi Lake, media reports said last week.
The franchise agreement with Asia Myanmar Shining Star Company is for the Wyndham Grand Yangon Royal Lake hotel, which will form part of the Kantharyar Centre project, Travel Daily Media reported on September 3. The US$157 million development, on the site of a former driving school, will also include a residential building, serviced apartments, office tower and shopping centre, the e-magazine reported.
Facilities at the hotel will include a banquet hall, two conference rooms, swimming pool, gymnasium, spa and restaurants.
“Myanmar is growing in popularity among business and leisure travellers and we continue to be at the forefront of emerging markets,” said Barry Robinson, Wyndham’s president and managing director for Southeast Asia and the Pacific Rim.
The hotel group operates 60 hotels in the region under the Wyndham, Ramada, Days Inn, Microtel Inn & Suites and Tryp brands, Travel Daily Media said.
The Wyndham Hotel Group, based in Parsippany, New Jersey, says it is one of the world’s biggest and most diversified hospitality companies with about 7,670 hotels and 667,000 rooms worldwide.