27 Jul 2017
Tags: Marriott International, Courtyard by Marriott Yangon, Myanmar, Myanmar
Marriott International (NASDAQ: MAR) announced the signing of Courtyard by Marriott Yangon, Myanmar. Located in the former capital and commercial center of the country, the new build hotel owned by Hotel Sule Square Co., Ltd is part of a mixed-use development and is scheduled to open in 2019.
“We are excited to be working alongside Marriott International, a global hotel operator with such vast experience in the hospitality sector,” said Mr. Kyaw Naing Oo, Chairman, Hotel Sule Square Co., Ltd and NAING Group Capital Co., Ltd. “As Myanmar opens up to great opportunities, we are excited to be offering travelers an international hotel brand that further puts this country on the tourism map."
"Myanmar holds immense potential as a new tourism destination in South East Asia given its rich history and natural beauty,” said Karl Hudson, Area Vice President, Thailand, Vietnam, Cambodia & Myanmar, Marriott International. “Demand is expected to grow as the government and economy are stabilizing; with business travel picking up due to increased investment in various business sectors, and the leisure segment looking promising as Myanmar relaxes its visa policies and continues to market its unique destinations."
Courtyard by Marriott Yangon's dynamic offerings and welcoming service will cater to both leisure and business guests in Myanmar. The city hotel will feature 200 inviting guestrooms and suites, as well as an Executive Lounge and four meeting rooms totaling 400sqm to host special functions. Local cuisines and international tastes can be savored at the three-meal restaurant or an express meal can be picked up at Momo to Go, before guests enjoy a drink at the Bar & Lounge. Versatile meeting spaces as well as recreational facilities including a rooftop pool, Fitness Center and treatment rooms will leave travelers feeling reenergized.
Located in the gateway city of Yangon, and only 45 minutes away from Yangon International Airport, the Courtyard by Marriott Yangon is in close proximity to key tourist attractions, with the Sule Pagoda, City Hall and Bogyoke Aung San Market a short walk away and China Town and Shwedagon Paragon Pagoda reachable in a few minutes by car. As part of a mixed-use development, retail, tourist markets, cafés and unique architectural buildings are within the immediate vicinity of the hotel.
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About Courtyard by Marriott
Courtyard by Marriott offers a refreshing environment that helps guests stay connected, productive and balanced. Intuitive services and design accommodate guests' needs for choice and control. With more than 1,100 locations in nearly 50 countries and territories, Courtyard is proud to participate in the industry's award-winning loyalty program, Marriott Rewards® which includes The Ritz-Carlton Rewards®. Members can now link accounts with Starwood Preferred Guest® at members.marriott.com for instant elite status matching and unlimited points transfer. For more information or reservations, visit courtyard.marriott.com, become a fan on Facebook or follow @CourtyardHotels on Twitter and Instagram.
Marriott International, Inc. (NASDAQ: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of more than 6,100 properties in 30 leading hotel brands spanning 124 countries and territories. Marriott operates and franchises hotels and licenses vacation ownership resorts all around the world. The company also operates award-winning loyalty programs: Marriott Rewards®, which includes The Ritz-Carlton Rewards®, and Starwood Preferred Guest®. For more information, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com. In addition, connect with us on Facebook and @MarriottIntl on Twitter and Instagram.
Note on Forward-Looking Statements: The anticipated five year rooms growth and the number and locations of hotels that Four Points expects open in 2017 are “forward-looking statements" within the meaning of U.S. federal securities laws, not historical facts, and are subject to a number of risks and uncertainties, including supply and demand changes for hotel rooms; competitive conditions in the lodging industry; relationships with clients and property owners; the availability of capital to finance hotel growth; and other risk factors that Marriott International, Inc. identifies in the most recent quarterly report on Form 10-Q or annual report on Form 10-K that it filed with the U.S. Securities and Exchange Commission; any of which could cause actual results to differ materially from those expressed in or implied by those statements. We make those statements as of the date of this press release, and we undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
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Alethea Lam
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