Shangri-La Breaks Ground on Second Hotel in Yangon, Myanmar

Shangri-La has broken ground on what will be its second hotel in Yangon, Myanmar.

With a prime location on the banks of Kandawgyi Lake, the 350-room Lakeside Shangri-La, Yangon, scheduled to open in 2017, will command magnificent views of the glittering Shwedagon Pagoda and the lake.

The hotel site is near the new Shangri-La Residences, Yangon, which are also managed by Shangri-La.

The Hong Kong-based hotel group has been operating in Myanmar since 1996 when it opened the 334-room Traders Hotel, Yangon.

"The steady increase of domestic and foreign investment in Myanmar's economic capital makes Yangon an important commercial centre," said Shangri-La President and Chief Executive Officer, Greg Dogan. "Along with the city's period buildings, traditional architecture and historic charms, it's easy to see the multi-faceted attractions of Yangon. We look forward to further contributing to the city's tourism and welcoming visitors with Shangri-La's hospitality from the heart."

In addition to 350 guestrooms and suites, the Lakeside Shangri-La, Yangon will have three restaurants, two bars, meeting and convention space, a health club, and an outdoor swimming pool.

Guests will also have access to the 44.5-hectare Kandawgyi Nature Park and the Yangon Zoological Gardens surrounding the lake.