A SOUTH Korean consortium has broken ground on the US$220 million Daewoo Amara Hotel, with construction scheduled to finish by late 2016.
The consortium – comprised of Daewoo International, Posco Engineering and Construction and Lotte Hotels and Resorts – is collaborating with Myanmar company IGE Group of Companies on the project.
The project was commissioned under a build-operate-transfer agreement by the Myanmar Investment Commission, which offers a 70-year lease on the site.
Daewoo Amara Hotel will include a 15-storey luxury hotel and a 29-storey serviced residence, located close to Yangon’s Inya Lake.
Han Chan Kun, COO of Daewoo Amara Hotel, said the hotel would offer 346 rooms and the serviced residence, 315 rooms. “So this will be the biggest hotel project so far in Myanmar and we will also add a convention hall, indoor/outdoor pools, a fitness centre, a spa, restaurants, all-day dining eatery and a club lounge,” he elaborated.
The hotel’s interior design takes inspiration from the birth of the sacred lotus, a symbol of Myanmar. Meanwhile, the serviced residence will draw on four renowned Myanmar destinations for design – Inle Lake, Ngapali Beach, Yangon and Bagan, said Han.
