The United International Group, the hospitality firm that owns and operates the Amata Hotels brand throughout Myanmar, has recently revealed their plans for operations in the country. According to them, they are slated to open five new hotels in Myanmar, according to the United International Group CEO, U Win Aung, who made a statement on January 15, 2018; Monday.
The company will be opening the new hotels in Myanmar, three of which are under the Amata hotel brand and two under an Amata sub-brand, with two located in Shan State, at the Inle Lake and Pindaya, another two at the Tanintharyi Region, in the Myeik archipelago, and the final one to be located at Kayin State, in Hpa-an.
The new hotel at Inle Lake will have a total of 93 rooms, and is scheduled for opening of operations this October of 2018. The hotel was funded by the International Finance Corporation (IFC) back in October 22, 2016, with a loan amounting to a total of $13.5M, which not only funds the Inle Lake development, but also funds another development, this one a hotel located in Bagan which has since opened to the public in November of 2017, and will be repaid in ten years time following international-standard interest rates.
The other developments, the hotels at Bo Yar Nyunt; designed for 20 rooms, and Bar Lar islands; designed for 30 rooms, both located in the Myeik archipelago, are also expected to receive funding from the IFC. According to CEO Aung, the IFC has already shown interest in the UIG’s development projects, which they will help with funding.
In 2017, the IFC signed an agreement for the supporting of the Tanintharyi Development Committee, chaired by Serge Pun, which handles the Myanmar tourism industry, and is aimed at developing sustainable tourism in Myeik.
The 50-room Hpa-an hotel and the 60-room Pindaya hotel, is scheduled for opening by January of 2019, both under the budget Awinka brand, a subsidiary brand of Amata hotels. The UIG is also considering plans to build Awinka brand hotels in Kalaw, Kawthaung, Loikaw, among other prospective locations, aimed at locals, according to CEO Aung.