YANGON -- Eden Group, Myanmar's largest hotel operator, will spend an estimated $130 million to build two hotels in the Southeast Asian country under a partnership with Hilton Worldwide Holdings in hopes of drawing more foreign tourists.
The plan calls for opening 150- to 200-room facilities as early as 2018 in central Myanmar's Bagan, known for its ancient Buddhist temples, and the resort area of Inle, Eden Chairman Chit Khine told The Nikkei. The Inle hotel will likely operate under the Hilton brand, while the Bagan facility will probably become the nation's first Conrad luxury hotel.
Eden now runs two Hilton hotels in Myanmar: one in the capital of Naypyitaw and the other in Ngapali, in the western part of the country. In addition, a hotel in Mandalay acquired from Singapore's Keppel Land last month will be turned into a Hilton. The company tied up with Hilton Worldwide in 2014.
Eden operates smaller facilities under the Thingaha and Link brands as well. It is also exploring the possibility of developing hotels with a major Japanese real estate company, the chairman revealed.