Myanmar hotel chain receives $13.5m loan from IFC

Amata Hotel Group, a leading owner and operator of hotels in Myanmar, recently received a US$13.5-million (Bt472 million) convertible loan from International Finance Corporation to expand its hospitality business in the country.

Win Aung, chief executive officer of Amata Hotel Group, said the loan would help his company build new hotels in two of Myanmar’s biggest tourism destinations – historic Bagan and biodiversity-rich Inle Lake.