First look
This is The Peninsula’s only known pipeline project, and it is the unusual case of a hotel we are tracking precisely because it has not moved. The plan is to put roughly 88 rooms inside the restored former Myanmar Railways headquarters in Yangon — a heritage conversion under a joint venture between HSH Group, which holds 70 percent, and Yoma at 30 percent. Work began back in 2014 with an original target of 2022.
Then it stalled. Construction was suspended in mid-2021 following the coup, and as of 2026 HSH CEO Clement Kwok has said the environment is ‘not suitable’ to complete the project. There is no confirmed completion date. On paper a restored railway HQ is exactly the kind of building worth writing about, but for now we are watching for any signal that work has restarted rather than treating this as a slated opening.
