Hilton to open 5 more hotels in Myanmar

[SINGAPORE] Hilton Worldwide Holdings, the world's largest hotel operator by market value, said it plans to open five more hotels in Myanmar in the next three years, even as its maiden project in the country is facing delays.

Hilton has signed management agreements with Eden Group Company Ltd, a business conglomerate in Myanmar, for the hotels.

Two, which are existing properties, will be rebranded and open as Hilton hotels in October 2014. The other three are slated to open in 2016 and 2017, it said in a statement.