Construction work has commenced on the Peninsula Yangon, the luxury brand’s first ever hotel in Myanmar.
A ground-breaking ceremony was held this week at the site of the former Myanmar Railway Company headquarters, which will be transformed into a new luxury hotel. Located on Bogyoke Aung San Road in the city centre, this historic building dates back to the 1880s and is one of the oldest colonial buildings in Yangon.
The hotel will form part of a broader development called Yoma Central, which will also include Peninsula-branded luxury residences, two office towers, a second business hotel, serviced apartments and a retail area.
“We are excited to move forward with this development and to be part of history as Myanmar becomes increasingly important on the global stage as a business and tourism destination,” said Clement Kwok, managing director & CEO of Hongkong & Shanghai Hotels (HSH), Peninsula’s parent company.
“We believe The Peninsula Yangon will truly reflect the heritage and beauty of the city and we are confident that it will become an iconic landmark that locals can be proud of.”
The Peninsula Yangon is one of three hotels currently being developed by HSH, along with other Peninsula-branded properties in London and Istanbul.