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Mildred Amon has been appointed Director of Marketing Communication at ALMA resort

Myanmar Sees a Post-Coup Fire Sale of Hotels

Myanmar Sees a Post-Coup Fire Sale of Hotels
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Local affiliate of Toronto-based Colliers involved in complex built on Myanmar military land

Hkun Lat/Getty Images A local affiliate of Colliers International, the international property management company headquartered in Toronto, is a leasing agent for a high-end building in Myanmar built on land owned by an arm of the country’s military. The Sule Square complex is located on land owned by the Quartermaster General Office of the country’s army (officially known as Tatmadaw), which is tasked with securing supplies for its forces – including, activists say, the bullets and artillery used to kill more than 700 civilians since the Feb. 1 coup. Colliers, which operates in Myanmar through an affiliate, has maintained its interest in the property despite years of efforts by United Nations experts to push foreign companies to sever ties with a military that has a long history of killing its own people, including Rohingya Muslims and anti-coup demonstrators.

Myanmar s Shangri-La Hotel Temporarily Closes Amid COVID-19 Impact

Myanmar’s Shangri-La Hotel Temporarily Closes Amid COVID-19 Impact The five-star Sule Shangri-La Hotel in Yangon. / Htet Wai / The Irrawaddy 3.2k By Zaw Zaw Htwe 14 January 2021 Yangon – The five-star Sule Shangri-La Hotel in Yangon is the largest of more than 1,000 hotels in Myanmar to temporarily close due to COVID-19. The Hong Kong-based Shangri-La Group invests in real estate and operates more than 100 hotels and resorts in 76 global destinations. It is part of Malaysia’s Kuok Group, one of Asia’s most powerful multinational conglomerates with assets in property, logistics, agribusiness, maritime and hospitality. The hotel, formally known as the Traders Hotel, at the corner of Sule Pagoda and Bogyoke Aung San roads in central Yangon city, was the tallest building in Myanmar from 1996 to 1999. The 470-room hotel was rebranded in 2014.

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