It is hoped that City Square Hotel Project being constructed at the corner of Shwedagon Pagoda Road and Bogyoke Aung San Road (former Open Market), Papaetan Township, Yangon Region to conclude in May, 2017, per source of Hotels and Tourism Ministry. Such hotel project includes 25-floor-hotel business, 23-floor-office tower, 28-floor-service apartment and shopping mall. Moreover, Sule Shangri-La Hotel extension is hoped to conclude in June 2016, per source of Hotels and Tourism Ministry.
The project has car parking to facilitate 550 cars and 210 rooms and offices and shopping centres.Alien countries come to invest in hotel sector and Hotels and Tourism Directorate grants permits through Myanmar Investment Commission if they are consistent with the rules and regulations.
Foreign business people eye on hotel construction any the existed hotels become to extend construction.Hotels and tourism sector has 46 projects from nine countries within the whole year of 2014 and local has reached 1106 hotels.
The coming extended hose sector is involved not only from local but also foreign. Hotels have high standard to serve foreigners though they are not five or four stars hotels.
Source : Traveller (From Sept 21 to Sept 27 )Vol 3, No 15