KMA Group and Centara Signs MoU for Six Hotels in Myanmar
Create: Jul 7, 2019 Edit: Jul 8, 2019
Thailand-based hotel chain, Centara Hotels & Resorts (Centara), will soon make its debut in Myanmar with six new upscale and upper-upscale hotels in major cities. Following the signing of a memorandum of understanding (MoU) between Centaras subsidiary, Centara International Management Co. Ltd., and Thai conglomerate, Kaung Myanmar Association Group of Companies (KMA Group), KMA group is investing USD63 million to revamp and rebrand three of its existing hotels with Centara brands and to build three new hotels in Bagan and Than Daung.
Works at one of the existing hotels, the Centara Paradise Inle Resort & Spa in Inle, Nyaungshwe Township, Shan state, has been completed and is slated to open by the end of 2019. Meanwhile construction of the new hotels, namely Centara Bagan River Resort & Spa Kaytumadi Dynasty Bagan Resort, Centara Boutique Collection, and Shwe Than Daung Resort, as well as the refurbishment of Centara Royal Naypyitaw Hotel in Nay Pyi Taw and Centara Royal Kaytumadi Resort & Spa in Taungoo, Kayin State, will begin in the next few months.
Centaras current portfolio comprises 63 properties spanning across major destinations in Thailand, the Maldives, Sri Lanka, Vietnam, Oman, and Qatar.
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