Thiri Myaing Hotel Pyin Oo LwinHotel Thiri Myaing Pyin Oo Lwin
State Auction of State Houses
av _abdm = _abdm |||| ;_abdm.push(["1512023572", "InPage", "1512024292", "InPage_1512024292"]); var _abdm = _abdm |||| ;_abdm. push (["1512023572", "InPage", "1512024269", "InPage_1512024269"]); Some of the country's most valuable state-owned hotel real estate has been put out to tender by the Ministry of Hotels and Tourism to privately owned companies in Myanmar. One of them is the Thiri Myaing Hotel in Pyin Oo Lwin, formerly known as Çandacraig, which covers an area of 7 hectares.
In addition, two further Pyin Oo Lwin Gandamar Myaing Hotel - formerly known as Croxton - and Nan Myaing Hotel - formerly Craddock Court - were added to the call, which was published in the state paper Kyemon (Mirror) on May 30th and shut down on June 25th. Further objects were the Chaungtha New Beach Hotel, the Mrauk Oo Hotel and the New Kengtung Hotel.
For two of the bidding properties - Pyin Oo Lwin Guesthouse and Kyaukse Guesthouse - in the possession of the Ministry of Construction, no offers were made above the ground level bidding. There was little interest in the call for tenders and a number of industrial resources approached did not know that it had even taken place. The spokesman of the Ministry of Hotel and Tourism announced the winners' name, but not the name of their company, the prize awarded, the duration of the contract or the terms of the bid.
He also refused to say how many enterprises took part in the call for tenders, whether they were entitled to participate and, if so, whether they made a bid. Those who won the competition were: United Than Zaw Htay (Thiri Myaing Hotel); Daw Ban Moe (Nan Myaing Hotel); United Tun Tun Tun Win (Gandamar Myaing Hotel); United Tsar Ni Aung (Chaungtha New Beach Hotel); United Ye Tun Kyaw (Mrauk Oo Hotel); and United Nandar Hla Myint (New Kengtung Hotel).
A Myanmar Investment Commission officer said she had no information about the bid. Myanmar Times approached the six advertised properties, and five of them said they didn't know anything about the bidding either. The Mrauk Oo Hotel's hotel management said, however, that the bid was won by the Natural Force Company, which declared itself willing to contribute K166.5 million (about $170,000) per year to the Ministry of Hotel and Tourism for 15 years.
He said that the government had carried out the bidding because the state owned hotel had lost it. Said the hotel's 17 employees will go when the estate is sold to the Natural Force Company, with seven retiring and ten being sold to Nay Pyi Taw.