Reuters logo
MYANMAR PRESS-IFC to lend Shangri-La Asia $80 mln for Myanmar projects - Voice Daily
March 28, 2014 / 12:55 AM / 4 years ago

MYANMAR PRESS-IFC to lend Shangri-La Asia $80 mln for Myanmar projects - Voice Daily

International Financial Corp (IFC) will lend $80 million to Shangri-La Asia Ltd for the expansion of the Traders Hotel and the construction of the Shangri-La Residences in Yangon, the Voice Daily reported, citing Vikram Kumar, resident representative of the IFC in Myanmar.

Shangri-La Asia has been facing acute shortage of hotel rooms due to a steep rise in tourist arrivals in Myanmar.

The 270-roomed Traders will have 485 rooms on completion of the expansion project, while the Shangri-La Residences will have 240 rooms, the daily said.

----

NOTE: Reuters has not verified this story and does not vouch for its accuracy. (Compiled by Yangon Newsroom; Editing by Anand Basu)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below