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Hilton Worldwide has become the first major international hotel company to announce its entry into Myanmar.
The company has signed a management agreement with LP Holding Co Ltd to operate the 300-room Hilton Yangon, which is expected to open in the city’s central Kyauktada Township area in 2014.
While Myanmar is developing fast, it still has a severe shortage of hotel rooms. Currently there are estimated to be only around 28,000 hotel rooms in the country – fewer than in downtown Bangkok…