Peninsula chain adds carefully chosen links in Myanmar, elsewhere
As it expands into Myanmar and Turkey, the operator of the Peninsula hotel chain is sticking with its signature formula of opening in the best of the best locations. The Peninsula Yangon will form a key part of a broader redevelopment project around the historic Yangon Central Railway Station. The headquarters of the old Burma Railways — which carries traces of British rule — will be converted into the hotel. The parent company, The Hongkong and Shanghai Hotels, partnering with local player Yoma Strategic Holdings, will invest some $100 million.
