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Published on Sunday, 20 January 2013 22:50
Mya Yeik Nyo Hotel which was previously leased from military government to Zegabar Khin Shwe (Photo - EMG)
Some of military-owned hotels and lands have been put out to private tender for long term business purpose, the Quartermaster-General Office reported.
The offered properties are Mya Yeik Nyo hotel including six buildings on 13.794 acres of land located in Bahan township and Yuzana including one building on the land of 4.12 acres in Dagon township. No 16 C3 land plot and No 3 D land plot & a building are in Pabetan township in Yangon Region.
Military-owned hotels and lands are being invited to tender for hotel services and shopping facilities for long term period, the office said.
Applicable tenders are required to show land used premium offer, company registration, financial ownership, rent system, services, annual rent fee and investment plan. The applications must be sent to Building No 9 of the Quartermaster-General Office in Nay Pyi Taw.
Mya Yeik Nyo hotel is currently run by Khin Shwe (Zegabar), a member of parliament for the country's upper house, the Amyotha Hluttaw. Khin Shwe faced a lawsuit filed by farmers for grabbed farmlands last May.
Mya Yeik Nyo was named as the defence services guesthouse around 20 years ago. It was later turned into the hotel in the previous junta on a profit-sharing system.
For the time being, the military takes a 50 percent of profit from Mya Yeik Nyo hotel and the rest shares to the operator who also has to pay tax.