Best Western International Inc, the world's second-largest closely held hotel chain, will open its first Myanmar property in 2013, taking advantage of friendlier investment rules and a shortage of rooms in the country.
The Phoenix-based group is considering locations including Yangon and Mandalay, the country's two largest cities, for the hotel, Glenn de Souza, Bangkok-based vice president of international operations for Asia and the Middle East, said in an e-mailed response to questions on Jan 31.
Myanmar's President Thein Sein is seeking to transform the Southeast Asian nation into a democracy and modernise its financial and private infrastructure after five decades of isolation. He signed a foreign investment bill in November that cleared the way for multinationals to spend more in the formerly military-run nation.
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