Hotel Announcements
Pipeline23 September 2019

Centara KMA Resort Inle Lake

Centara and KMA Group Sign HMA for a New Myanmar Resort

Scheduled for Fall 2019 – 95 Rooms

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Centara Hotels & Resorts, Thailand's leading hotel operator, and KMA Group, a subsidiary of Kaung Myanmar Aung (KMA) Group of Companies, signed a Hotel Management Agreement (HMA) in Bangkok for the management of a new hotel in Myanmar owned by KMA. The property, located at one of the country's most popular tourist destinations, will be rebranded and managed under the Centara brand beginning this year.

The 95-key Centara KMA Resort Inle Lake, located on the shores of Inle Lake in central Myanmar, is scheduled to open during the fourth quarter of 2019.

KMA Group of Companies is a privately held company founded and led by Chairman U Khin Maung Aye, Chairman of CB Bank. The Group comprises 15 corporate entities operating across a diverse range of industries.

Centara signed a MOU with KMA earlier this year for the management of six hotels and resorts in Myanmar. This new management agreement represents the completion of the deal for the first of these properties with the others set to follow imminently.

Myanmar is Southeast Asia's second-largest country and boasts one of the fastest-growing economies in the region. Myanmar's projected tourism growth rate of 8.5% annually through 2025 puts the country at the top of the world's fastest-growing tourism markets.

The addition of a new Myanmar property is further evidence of Centara's continued expansion strategy, and the combination of Centara's expertise and KMA Group's mastery of development are sure to elevate Myanmar's hospitality sector.

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Centara

The development of the core four-star brand, Centara, began in the late 1990s with the opening of hotels at several destinations across Thailand. Enjoying premium settings in city-centre locations and beach and island destinations, the properties are smaller in size to the Grand brand and offer leisure facilities that depend on the local market conditions.
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Centara Hotels & Resorts

Centara Hotels & Resorts is Thailand’s leading hotel group, with 46 deluxe and first-class properties across Thailand, as well as 24 hotels and resorts in the Maldives, Vietnam, Bali, Sri Lanka, Qatar, Laos, Oman, Turkey and China.
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