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HAGL and Meliá sign strategic deal

Released at: 16:46, 04/05/2015

HAGL and Meliá sign strategic deal

Two come together over management of HAGL hotel in Yangon.

by Thu Hoang

The Hoang Anh Gia Lai Group and Meliá Hotels International signed an agreement recently to jointly operate a five-star hotel soon to open in Yangon, Myanmar. Melia Hotels will take care of managing the 429-room Meliá Hotel Yangon, which is part of the $550 million mixed-use HAGL Myanmar Centre next to the Sedona Hotel near Inya Lake.

“We believe that with its broad knowledge and experience in hotel and tourism service management, Meliá will be able to help our hotel operate efficiently and bring great value to guests,” HAGL Group Chief Executive Vo Thuong Son said at the signing ceremony.

“The Meliá brand is our most international brand and is suited perfectly for the HAGL project in Yangon, where it will offer a perfect blend of business and leisure offerings,” said Mr. Bernardo Cabot, Meliá Hotels International’s Senior Vice President for the Asia Pacific region.

The HAGL Group began work on the $550 million project in June 2013. The first phase of construction, including the Melia Yangon Hotel, will be completed this year. The hotel will be equipped with modern facilities such as a convention center, conference halls, entertainment and sports areas, and European, Asian and local restaurants.

With strong financial resources, HAGL has made tremendous strides forward in expanding its operations and investments overseas, which include property projects in Myanmar and Thailand and major agricultural investments in Laos and Cambodia.

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