YANGON, March 12 (Eleven Media Group): As Myanmar's hotel industry struggles to recover from the double whammy of the coronavirus pandemic and the 2021 military takeover, Keppel Corporation will sell Sedona Hotel in Yangon for US$57.4 million, Nikkei Asia reported.
The Singapore government-backed conglomerate is accelerating asset sales to bolster its environmental business. Keppel said in a statement this week that the sale of the high-end Sedona hotel is consistent with Keppel Corp's share capitalization plans to raise capital to enable new development opportunities.
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