Thailand’s leading hotel chain Centara International Management Co Ltd has signed a memorandum of understanding (MoU) with local conglomerate Kaung Myanmar Association Group of Companies (KMA group) to renovate and develop hotels and resorts in major cities in Myanmar.
KMA group is putting in $63 million to revamp three of its existing hotels in Inle, Nay Pyi Taw and Taungoo, which will be Centara rebranded; besides building three new hotels in Bagan and Than Daung, according to a company spokesperson.
