ANTICIPATING rising visitor numbers, Singapore-based Keppel Land is launching the new Inya Wing at its Sedona Hotel in end-2015.
The Inya Wing will see an addition of about 420 rooms, bringing the hotel’s total room capacity to 786. At 29 storeys, the new tower block will be one of the tallest structures in Yangon when completed.
The new hotel wing will cost US$80 million to develop and will be fully integrated with the existing Sedona Hotel Yangon.
Speaking at the topping-up ceremony for Inya Wing yesterday, CEO of Keppel Land, Ang Wee Gee, said the property market in Yangon is poised to deliver healthy performance over the next year as Myanmar is expected to enter a phase of sustained economic growth.
Myanmar is forecast to reach 4.5 million tourist arrivals in 2015 and 7.5 million in 2020, said Ang.
Keppel Land owns and manages the Sedona hotels in Yangon and Mandalay.
Deputy minister of hotels and tourism Tin Shwe said the expansion of the hotel is timely and reflects the steady pace of growth in Myanmar’s economy.
