Centara KMA Resort Inle Lake
Centara and KMA Group Sign HMA for a New Myanmar Resort
Scheduled for Fall 2019 – 95 Rooms
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.