Friday, August 18, 2017

Hotel Okura to open in 2020

Japan’s Hotel Okura Co announced plans Friday to open a 390-room luxury hotel in Myanmar’s commercial hub Yangon in 2020 and said it is keen to add three to five more in the country in the next five years.

It said the Okura Prestige Yangon will be situated within a large commercial complex to be built on the site of the former Defense Services Museum in downtown Yangon, a short walk from the Yangon Central Railway Station.

For the operation and management of hotel, Hotel Okura expects to sign a contract in August with a local alliance comprising Fujita Corp, Tokyo Tatemono Co, Japan Overseas Infrastructure Investment Corp for Transport & Urban Development and Yangon Technical & Trading Co, a subsidiary of Ayeyar Hinthar Holdings Co.

It said the hotel’s inaugural Myanmar property is part of an ambitious undertaking to expand the group’s global portfolio to 100 properties, primarily in Asia, by 2020.

Okura Nikko Hotel Management, a subsidiary of Hotel Okura, currently has six properties in the pipeline in Southeast Asia, including the Okura Hotel & Resorts property in Yangon.

Also among them are three Okura Hotel & Resorts properties opening in Manila, Phnom Penh and Saigon in 2020, and two Nikko Hotels International properties opening in Bangkok in 2018 and in Vietnam’s Haiphong in 2020.

It already operates 47 properties in Japan and 25 overseas, more than any other Japan-headquartered hotel operator.