Winning Star won a tender to develop state-owned Mrauk-U Hotel in Mrauk-U city, Rakhine State, paying 250 million Kyat a year for a 15-year lease agreement for the 5.54-acre property

19 พฤษภาคม 2559 Winning Star has won a tender to develop the Mrauk-U Hotel in Mrauk-U city, Rakhine State, paying K250 million a year for a 15-year lease agreement for the 5.54-acre property. “I want visitors to experience the nature of Mrauk-U. This has been a dream of mine since I joined the travel and tours industry,” said U MaungMaungOkkar, managing director of Winning Star, who defeated nine other bidders for the tender. The company will sign a contract with the Ministry of Hotels and Tourism for the deal this month, he said. U MaungMaungOkkar, who acknowledged difficulties with local transportation in Mrauk-U, said he would renovate and extend the hotel, which now has 33 rooms, once the ministry hands it over to him. “Renovation will take three months to a year. I will mainly focus on the European and Western market,” he said, adding that the room charge, which ranges from US$50 to $80, is likely to rise. The ministry is again seeking tender offers for the GandamarMyaing Hotel in PyinOoLwin, it announced on May 6 in state-owned media. Ministry director U Myo Win Nyunt said the company that had won the tender in 2013 had failed to proceed, and handed the hotel back to the ministry in January. ShwesinNandawcompany beat three competitors with a bid of K120 million a year for 15 years. “We don’t know why the former tender winner returned the hotel to the ministry, but two more colonial-era hotels, the Nan Myaing and the ThiriMyaing, are being operated by private companies after tendering,” he said. The ThiriMyaing is one of three colonial-era buildings in the area. Formerly known as Candacraig, the one-time chummery was built in 1904 amid 7 acres of gardens, and counts George Orwell among its former guests. The other two colonial-era buildings are the GandamarMyaing Hotel, formerly known as the Croxton, and the Nan Myaing Hotel, formerly Craddock Court. All three have suffered from decades of underinvestment while under state control. Reference: http://www.mmtimes.com/index.php/business/20338-state-owned-hotels-get-new-owners.html