Shangri-La International Hotel Management Ltd. will open its second hotel in Yangon, Myanmar in 2017. With a prime location on the banks of Kandawgyi Lake, the 350-room Lakeside Shangri-La, Yangon will command magnificent views of the glittering Shwedagon Pagoda and unparalleled vistas over the lake.

The official groundbreaking ceremony for Lakeside Shangri-La, Yangon took place on 8 December. The hotel site is near the new Shangri-La Residences, Yangon, which are also managed by Shangri-La. The Hong Kong-based hotel group has been operating in Myanmar since 1996 when it opened the 334-room Traders Hotel, Yangon.

"The steady increase of domestic and foreign investment in Myanmar's economic capital makes Yangon an important commercial centre," said Shangri-La President and Chief Executive Officer Greg Dogan. "Along with the city's period buildings, traditional architecture and historic charms, it's easy to see the multi-faceted attractions of Yangon. We look forward to further contributing to the city's tourism and welcoming visitors with Shangri-La's hospitality from the heart."

In addition to 350 well-appointed guestrooms and suites, the Lakeside Shangri-La, Yangon will have three restaurants, two bars, generous meeting and convention space, a health club, and an outdoor swimming pool. Guests will also have access to the 44.5-hectare Kandawgyi Nature Park and the Yangon Zoological Gardens surrounding the lake.

About Shangri-La Group

Shangri-La Group is one of the world's premier developers, owners and managers of hotel and investment properties which comprises office buildings, commercial real estate and serviced apartments/residences. The Group's other principal activities include hotel management services as well as property development for sale. It currently owns and/or manages over 100 hotels globally in 78 destinations under the Shangri-La, Kerry, JEN and Traders brands. Prominently positioned in Asia, the Group has a substantial pipeline of upcoming hotel and mixed-use development projects in Australia, the Chinese mainland, Cambodia, and Japan. For more information, please visit https://www.shangri-la.com/group/.