Vietnam Hotel in YangonYangon Hotel, Vietnam
Yangon's developing country Melia Hotel
Melia Hotels International, a hotel group in Spain, today announced that it has entered into a contract to place a five-star Melia hotel in a prestigious project in Vietnam. Melia Hotel Yangon will be part of Hoang Anh Gia Lai (HAGL) Myanmar Centre next to the Sedona Hotel on Lake Inya. Vo Thuong Son, Managing Director of the HAGL Group, said that the hotel itself will be in the ownership of the company, but will be run by Melia Hotels International.
"We believe that Melia, with his extensive hotel and tourist information and expertise, will be able to run our hotel effectively and deliver high value to our clients worldwide," he said today. The HAGL Group is one of Vietnam's biggest enterprises. The HAGL Group began work on its $440 million Yangon based projects in June 2013 after having signed a long-term contract with the Ministry of Education and Research in 2012.
In the first stage, a 27-story shopping center, two offices and a 23-story hotel will be completed this year. At the beginning of the year, Rowsley, a Singapore company, entered into an agreement to acquire a 50% interest in the HAGL Myanmar Center for $275 million. HAGL Group Myanmar CEO Cao Duy Thinh said the whole Stage 1, which includes the 429-room Melia Yangon Hotel, will open in September.
The work on the second stage will begin in May or June, "with the entire operation scheduled for completion by 2017," he tells The Myanmar Times. The Minister of Hotel and Tourist Affairs, Mr Aung, said that the tourist industry had become one of the most important branches of the country's economic activity. Established in Spain in 1956, Melia operates more than 370 properties worldwide.
Bernardo Cabot, Asia -Pacific Sr. VP, said Melia Yangon will become the first "urban recreational hotel" in Myanmar. "We are arriving in Myanmar and we know that this land has the capacity to become one of the most popular and competitively priced travel destination in the world," he said.