YANGON, 4 September 2019: Crown Advanced Construction confirmed this week its newest real estate property Times City should open in 2021.
A five-star hotel that will be managed by Hilton Hotels is the core project of the real estate venture.
The 308-room Hilton Times City is under construction on a site located between Yangon’s international airport and the central business district and close to embassies and popular shopping malls.
The Times City project is a mixed-use development that will feature residences, a shopping mall and entertainment outlets. Hilton signed the management contract for the hotel component back in January 2019.
Hilton has been a player in the Myanmar hotel market since 2014 when it assumed the management of a property in Nay Pyi Taw, the political capital.
The US-headquartered hotel chain also manages Hilton Ngapali Resort and Spa and the Hilton Mandalay giving it four properties in the country.
Myanmar’s Hotels and Tourism Ministry reported tourist arrivals reached 2.5 million in the first half of this year, a 26% year-on-year increase.