Anticipating increasing visitor numbers, Yangon’s Sedona Hotel is building an US$80 million, 29-storey new wing.
Groundbreaking took place on October 22 in Yangon for the new tower, which will be one of the tallest structures in Yangon and will add about 420 rooms.
The new wing should be open in 2016 said Ang Wee Gee, Chief Executive Officer of Singapore-based Keppel Land, which owns the Sedona, at the groundbreaking ceremony.
Mr Ang also said the new hotel wing would need another 250 staff, in addition to the more than 500 currently employed at the Sedona.
The Sedona is one of just a handful of large high-end hotels in Myanmar.
It is currently undergoing a $25 million refurbishment, expected to be completed by the end of the year.
Yangon Mayor U Hla Myint said that Myanmar has set a target of attracting more than 3 million arrivals in 2015 and 7.5 million visitors by 2020, and more international-standard hotels would be needed to meet demand.
“We expect to receive about $10.8 billion in tourism revenue by 2020.
We are also looking to upgrade our transport infrastructure, as well as the construction of a new airport in Bago,” he said.
Keppel Land will also be renovating Sedona Hotel Mandalay at a cost of some $7 million.
source: The Myanmar Times
http://www.mmtimes.com/index.php/national-news/yangon/8571-sedona-hotel-s-80m-second-phase-launched.html
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