A wholly owned subsidiary of Mapletree Investments (“Mapletree”), announced its first Oakwood Hotel & Apartments in the Bahan Township of Yangon, Myanmar. Opening in the second half of 2021, this new development signals Oakwood’s aggressive expansion within Asia Pacific following recent property announcements in Australia, Cambodia, The People’s Republic of China, Indonesia, Thailand and Vietnam.
Home to Southeast Asia’s most impressive collection of colonial architecture, Myanmar is one of the world’s fastest growing economies and travel destinations. The historic city’s awe-inspiring temples and idyllic lakes make a visit to Yangon truly enriching. Oakwood Hotel & Apartments Yangon, strategically located in the thriving commercial centre, will offer unprecendented residential solutions to business and leisure travellers while ensuring a deeply immersive experience.
“Oakwood’s meticulous growth strategy highlights Yangon as a critical location for our highly discerning guests and business partners. Beyond providing exceptional hospitality and residential comfort, Oakwood takes pride in our ability to create authentic local experiences and cultural immersion. With the arrival of Oakwood Hotel & Apartments Yangon, we will strengthen our brand presence in Asia Pacific with the addition of yet another distinctive property in a mystical destination,” said Dean Schreiber, interim chief executive officer of Oakwood and managing director of Oakwood Asia Pacific.
Housed within a newly developed landmark, Oakwood Hotel & Apartments Yangon will offer 128 elegantly appointed studio and one-bedroom apartments to suit diverse requirements. With several diplomatic missions, international schools and the Myanmar Plaza in its vicinity, residents will be assured of maximum convenience and accessibility to all their lifestyle needs. An outdoor swimming pool and fitness centre located on the rooftop of the property, an all-day dining restaurant and two meeting rooms complete the Oakwood experience.
Strategically situated to enjoy the city at its best, Oakwood Hotel & Apartments Yangon will have easy access to many renowned tourist attractions. Myanmar’s most sacred pagoda, The Shwedagon Pagoda, is a short drive away, while other nearby places of attraction include the famous Kandawgyi Lake, Yangon Zoological Garden, People’s Park and the Bogyoke Aung San Museum.