Development Pipeline Scheduled for 2020

The Okura Prestige Yangon Hotel

The Okura Prestige Yangon to open in 2020.

Hotel Okura announced that it will open The Okura Prestige Yangon, the first Okura Hotels & Resorts member hotel to operate in Myanmar, in 2020, It will be situated within a large commercial complex, including office buildings and retail facilities, to be constructed on the site of the former Defense Services Museum.

The Okura Prestige Yangon Hotel ......

Photo by Okura Nikko

For the operation and management of The Okura Prestige Yangon, Hotel Okura expects to sign a contract in August with a local alliance comprising Fujita Corporation, Tokyo Tatemono Co., Ltd., Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development and Yangon Technical & Trading Co., Ltd., a subsidiary of Ayeyar Hinthar Holdings Co., Ltd.

The Okura Prestige Yangon will be a luxury hotel offering approximately 390 rooms in downtown Yangon, a short walk from Yangon Central Railway Station and a short drive from the historic Shwedagon Pagoda.

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Hotel Okura Co., Ltd., founded in 1958 and headquartered in Tokyo, opened its flagship hotel, Hotel Okura Tokyo, in 1962. The company has extensive business operations in hospitality and related industries and manages Okura Hotels & Resorts, a network of 25 hotels with a total of 7,774 guest rooms in and outside Japan.

Okura Nikko Hotel Management Co., Ltd., a subsidiary of Hotel Okura Co., Ltd, operates three hotel groups: Okura Hotels & Resorts, Nikko Hotels International and Hotel JAL City. Founded in October 2015 to consolidate and strengthen its hotel management business, Okura Nikko Hotel Management aims to become the top Japan-based hotel operating company by developing an international portfolio of properties through hotel management contracts.