Family Business Group Hotel Limited

Sampath Bank funds mega hotel development project in Myanmar

October 13, 2017 by Thiha

Sampath Bank PLC, a pioneer in introducing revolutionary financial solutions with a strong footing in the Sri Lankan market, announced that it had successfully concluded a loan transaction with Yangon based hotel developer Family Business Group Hotel Limited (FBGHL), Myanmar. This loan marks yet another giant stride in the steady rise of the Bank’s off-shore […]

Filed Under: Latest News Tagged With: Aung Than, Bank’s Foreign Currency Banking Unit, Chairman / Managing Director, Director / Chief Executive Officer (CEO), Family Business Group Hotel Limited, FBGHL, FCBU, H. E. Nimal Karunaratne, hotel developer Family Business Group Hotel Limited, international hotel chain, Inya Lake, Ko Ko Latt, Lakkhana Gunaratne, Manager, mega hotel development project, Myanmar, Myanmar representative office, Nanda Fernando, Novotel Hotel Max, regulatory and legal clearances, Sampath Bank PLC, Sampath Bank PLC’s Managing Director, Sri Lanka’s Ambassador, Sri Lankan bank, Sri Lankan investors, Sri Lankan market, Stakeholders, Yangon’s Kamayut Township

Stays at Yangon’s first Sheraton Hotel are two years away

June 3, 2015 by thiha

Starwood Hotels & Resorts Worldwide, the corporation behind the Sheraton brand, has announced its first Myanmar outpost will open in 2017. The Sheraton Yangon Hotel will be the country’s first of its kind, as US sanctions had previously deterred Starwood from doing business in Myanmar. The hotel’s construction – including the price of land – […]

Filed Under: Latest News Tagged With: Chaungtha, construction, Family Business Group Hotel Limited, Kandawgyi Lake, Lothar Pehl, mandalay, Sheraton Hotel, Starwood Asia Pacific Hotels & Resorts, Starwood Hotel & Resorts, U Ko Ko Latt, Yangon

Starwood Hotels & Resorts Slated to Enter Myanmar with the Signing of Sheraton Yangon Hotel

May 29, 2015 by thiha

SStarwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) today announced its market debut in the Republic of the Union of Myanmar with the signing of Sheraton Yangon Hotel, a new build property in the dynamic capital city. Owned by Family Business Group Hotel Limited, the milestone signing builds upon the Sheraton first mover advantage in the […]

Filed Under: Latest News Tagged With: acquisitions., Asia, CEO, development, Enter Myanmar, Family Business Group Hotel Limited, Global Initiatives, hotels, Indonesia, Kandawgyi Lake, Ko Ko Latt, Kuta, Lothar Pehl, Ministry, Mr. Myint Zaw, Myanmar, Operation, Pacific, Rajit Sukumaran, Republic, Resorts Slated, Senior Vice President, Sheraton Bali, Sheraton Yangon Hotel, Shewedagon Pagoda, Signing, Southeast Asia, Starwood Hotels, Tamwe township, tourism, Vice-President, Yangon International Airport