Foreign Investment in Hotels and Commercial Complexes

Sir. Projects Rooms Investment US$(m) Remarks
1. 33 6241 1749.772 Completed
2. 11 2296 857.5454 Under Construction
3. 12 2670 476.888 MIC Permitted
56 11207 3084.4254

Foreign Investment in Hotels and Commercial Complexes by Countries

Sir. Country Hotel/ Apartment Investment US$(m) Remarks
1. Singapore 26 1790.0944
2. Thailand 11 445.6300
3. Vietnam 1 440.0000
4. Hong Kong 5 187.7000
5. Korea 1 100.0000
6. Japan 4 73.6650
7. Malaysia 3 23.1360
8. United Kingdom 3 14.5000
9. Luxembourg 1 5.2000
10. UAE 1 4.5000
Total 56 3084.4254

    Foreign  Investment  Hotels  in  Myanmar  by  Country- wise

                                                                                                                             (US Dollar  in  Million)

Project / Hotel Rooms Investment Signing Opening Remarks
1 SINGAPORE
Nawarat
80 10.000 30-9-93 28-5-94 UC
2 Summit Parkview 445 85.000 18-11-93 3-6-95
3 Mandalay Swan 112 3.200 14-12-93 14-10-95 JV
4 Sedona Yangon 797 213.270 15-1-93 18-9-96
5 Traders 496 84.000 28-3-94 14-11-96
6 Traders Square Complex 128.000 10-9-96 UC
7 Park Royal 359 50.000 26-7-94 27-5-97
8 Sedona Mandalay 300 52.530 15-9-95 25-1-98
9 Shangri-La 637 304.000 28-3-94 1-11-13
10 Victoria Resort 52 40.531 3-4-98 19-5-08
11 Savoy 30 0.625 28-7-93 11-1-96
12 Orchid 44 3.600 18-7-96
13 Big Tree Hotel 125 4.200 %/ UC
14 Daewoo Amara 668 198.210 12-9-13 JV/UC
15 Sccp lakeside 250 23.713 %
(permit)
16 Hotel “M” Management 38 2.100 JV
17 Nature Link 365 105.82 JV/UC
18 Myanmar WPG Hotel 88 9.000 JV/UC
19 City Square Hotel 348 116.690 JV/UC
20 Asia Myanmar Shining Star 303 157.6254 JV/UC
21 Bench Made Asia Myanmar 90 7.080 %
(permit)
22 Domel Island Development Co.,Ltd 200 25.000 JV
23 New Strand Development Co.,Ltd 295 105.000
24 Crown Advanced Co.,Ltd 496 30.500
25 Yangon Excelsior Co.,Ltd 73 11.400
26 Pan Hlaing Lodge Hotel Managent Limited 46 19.000
Sub-total 6737 1790.0944
27 THAILAND
Chatrium (Nikko )
303 41.380 16-12-94 20-3-98
28 Golden Triangle 162 10.000 19-1-90 28-1-01
29 Allure Resort 68 12.000 9-12-99 21-3-03
30 Centrepoint Grand Hotel 270+Office 75.000 29-11-93 3-7-09
31 Mandalay Hill 206 26.000 28-10-94 21-12-95
32 St.Luke’s 30 3.500 29-4-04 (UC) UC
33 Pearl Laguna 100 15.000 15-7-09 28-2-14
34 Richy Regina 60 15.250 9-10-09 17-11-02
35 Prime Residence (Flying Tiger) 239 120.000 UC
36 KMOT Co.,Ltd 24 2.5000 JV
37 Pongpipat Development Co.,Ltd 800 125.000 %
(permit)
Sub-Total 2262 445.63
38 JAPAN
Thiripyitsaya
127 22.000 21-6-96 21-6-97
39 Yangon Int’l(MCG) 111 10.000 17-8-94 15-5-97
40 Yangon Sakura Office 30.000 25-7-95 25-1-99
41 Hotel Yamaman Co.,Ltd 91 11.665 %
(permit)
Sub-Total 329 73.665
42 HONG KONG
Strand
32 5-11-93 JV
43 Inya Lake 239 56.150 15-5-90 27-10-95 JV
44 Thamada 58 17-1-97 JV
45 Rose Garden 315 115.520 5-8-93 29-3-14
46 Mya Bay H&Coplatinum Pathein co.,Ltd 155 16.030 Permit JV
Sub-Total 799 187.70
47 MALAYSIA
Seasons of Yangon
121 5.000 8-12-94 18-9-96
48 Micasa 100 15.000 19-9-96 14-12-98
49 Uptown Regalia 91 3.136 %
Sub-Total 312 23.136
50 BRITISH
Governor’s Residence (Pansea)
50 10.000 10-10-95 21-3-97
51 Road to Mandalay 43 3.500 %
52 R.V Orcaella 25 1.000 %
Sub-Total 118 14.500
53 VIETNAM
Hoang Anh Gia Lai Myanmar Centre
429 440.000 18-12-12 24-10-2015
54 UAE
Mokan
50 4.500 JV/UC
55 LUXEMBOURGM
Sanctuary Retreats Myanmar Ltd
21 5.200 %
56 KOREA
INNO International Development Co., Ltd
150 100.000 JV
(permit)
Total 11207 3084.4254