Industry Update
Press Release 4 July 2017

Accor Signs Three Hotels in Myanmar

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AccorHotels and LP Holding have signed a joint agreement to develop three new hotels in Myanmar (Burma). The partnership will see the opening of Mercure Mandalay Hill Resort in the second quarter of this year and the development of Pullman Yangon Centrepoint and Mandalay Hill Resort MGallery by Sofitel slated to open in 2017 and 2020 respectively.

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"Pullman, our upscale hotel brand, is designed to cater to the requirements of cosmopolitan, seasoned travelers, as well as meetings and incentive events while MGallery by Sofitel is a collection of high-end boutique hotels, each with its own unique personality and story that are experienced by guests through the architecture, interior design and services," said Patrick Basset, Chief Operating Officer of AccorHotels, Upper Southeast and Northeast Asia. "Mercure hotels, our midscale brand, are always unique because they are rooted in their local communities and meet shared quality standards. Combined, the three hotels will add to the Group's growing portfolio, which ranges from luxury to economy."

In 2015, tourism was the driving force in the Myanmar economy where revenue grew by 19% as inbound traffic increased totally $2.1b or more than 4% of the country's GDP. In the next 10 years, the World Travel and Tourism Council projects that Myanmar's tourism industry will rank second out of 184 countries for long-term growth. It was ranked 15th globally in 2016.

Mercure Mandalay Hill Resort

Set on 11 acres of tropical gardens, Mercure Mandalay Hill Resort features 206 rooms with views of Mandalay Hill, the Royal Palace, the Irrawaddy River and the city of Mandalay, once the Royal Capital of Myanmar.

Dining outlets will include three restaurants – Yadanabon, Mings Chinese and Kinsana Garden and two bars - Kipling's Lounge Bar and Garden Tivaratee.

MICE facilities will include a conference centre, a ballroom and three meeting rooms.

Pullman Yangon Centrepoint

Situated opposite Yangon's iconic High Court building and the famous Independence Monument Park, the newly built Pullman Yangon Centrepoint will be part of Centrepoint Towers, one of the tallest commercial buildings in the city.

The hotel features 300 guest rooms, an all-day-dining outlet, two specialty restaurants, a destination sky bar and lobby lounge. Meetings and events space include a ballroom and ten meeting rooms.

Leisure facilities include a pool, fitness centre and a spa.

Mandalay Hill Resort, MGallery by Sofitel

Debuting in 2020, the newly built Mandalay Hill Resort, MGallery by Sofitel is situated near Mandalay's most iconic cultural monuments, the luxury boutique hotel will feature 150 guest rooms and villas, a restaurant and bar.

The resort will also feature an outdoor pool and spa which will be shared with the neighbouring Mercure Mandalay Hill Resort.

"LP Holding's partnership with AccorHotels combines the expertise of a global hospitality company with a strong local market expertise," says Lertsak Nopburanand, Director of LP Holding Co., Ltd. "After the sanctions were lifted, Myanmar became one of the most sought-after destinations in Southeast Asia. These three hotels will give travelers additional hotel choices with the growing tourism in the country particularly in Mandalay, as the city continues to develop."

Related Brands

Pullman

Pullman hotels and resorts welcome international, cosmopolitan seasoned travelers from all over the world for business and leisure stays. Pullman is the executive lifestyle upscale hotel brand: a new generation of hotels for a new generation of mobile, hyper-connected customers.
brand information

MGallery

MGallery is a Collection of high-end hotels all around the world. Each hotel of the Collection stages with talent a unique personality and story, experienced by guests through its architecture, interior design and services.
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Mercure

Mercure is the only midscale hotel brand that combines the strength of an international network with a strong quality commitment, and the warm experience of hotels, all different, rooted in their local community and managed by enthusiastic hoteliers.
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About Accor

Accor is a world leading hospitality group consisting of more than 5,000 properties and 10,000 food and beverage venues throughout 110 countries. The group has one of the industry's most diverse and fully-integrated hospitality ecosystems encompassing luxury and premium brands, midscale and economy offerings, unique lifestyle concepts, entertainment and nightlife venues, restaurants and bars, branded private residences, shared accommodation properties, concierge services, co-working spaces and more. Accor also boasts an unrivalled portfolio of distinctive brands and approximately 300,000 team members worldwide. Over 65 million members benefit from the company's comprehensive loyalty program ALL - Accor Live Limitless - a daily lifestyle companion that provides access to a wide variety of rewards, services and experiences. Through its Planet 21 - Acting Here, Accor Solidarity, RiiSE and ALL Heartist Fund initiatives, the group is focused on driving positive action through business ethics, responsible tourism, environmental sustainability, community engagement, diversity and inclusivity. Founded in 1967, Accor SA is headquartered in France and publicly listed on the Euronext Paris Stock Exchange (ISIN code: FR0000120404) and on the OTC Market (Ticker: ACRFY) in the United States. For more information visit group.accor.com or follow Accor on Twitter and Facebook.

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