Pan Pacific Hotels Group has announced a conditional joint venture with Shwe Taung Group, one of Myanmar’s corporations in real estate and infrastructure development, to develop the first Pan Pacific hotel in Myanmar. The property is to be known as Pan Pacific Yangon.
Opening in 2016, Pan Pacific Yangon will be part of a mixed-use development that also comprises serviced apartments, retail and office spaces. It is strategically located in the heart of Yangon city center, and opposite Bogyoke Aung San Market (previously known as Scott Market), a key attraction and a major bazaar for tourists and locals alike.
Pan Pacific Yangon will feature 348 beautifully furnished rooms and an extensive range of luxurious guest facilities including a swimming pool, spa, gym, ballroom, meeting rooms, an all-day dining restaurant and a specialty restaurant.
The new Pan Pacific hotel is being eyed to strengthen Pan Pacific Hotels Group’s presence in Myanmar, an important growth market for the group and where it owns and has been operating the PARKROYAL Yangon for the past 12 years.