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Peninsula hotel operator ready to resume Yangon project anytime

'Suitable' conditions sought in Myanmar after military takeover stalls work

A redevelopment project in central Yangon that includes a Peninsula hotel has been stalled since the military takeover of Myanmar in February 2021. (Photo obtained by Nikkei)

HONG KONG -- The operator of the upscale Peninsula hotel chain is prepared to resume its stalled $130 million project in Yangon whenever conditions are deemed suitable.

Hongkong and Shanghai Hotels CEO Clement Kwok told reporters on Wednesday that the hotel construction in Yangon was suspended due to the Myanmar military's takeover of the democratically elected government in February 2021.

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