Memories Group Takes Stake in Strand Hotel

Memories Group | May 3, 2019

Three iconic Yangon hotels and cruise ship join an expanding portfolio in Myanmar. YANGON, Myanmar (May 3, 2019) — Myanmar tourism trailblazers Memories Group announced this week that it had bought a minority share in Strand Hotel International Ltd. The US$3.19 million investment gives the Group stakes in a cruise ship and three hotels, most notably the world-famous Strand Hotel, an iconic landmark on the Yangon waterfront, which was built during the British colonial era in 1901. Strand Hotel International Ltd also includes: the 4-star Inya Lake Hotel, which was built in 1958-62 on a 27-acre lakeside property in northern Yangon; t...