Hilton Worldwide has marked its entry into the Burmese market with the signing of an agreement for a new property in Kyauktada Township, Yangon, Myanmar.

The 300-room Hilton Yangon will be the first Hilton Worldwide property in Myanmar and is scheduled to open in 2014.

The 21-storey property is part of Centrepoint Towers, a mixed-use development which includes high-end retail boutiques and a premium office tower.

Located opposite Yangon's famous Independence Monument Park, the hotel will feature a spa, a fitness centre, and a swimming pool.

Other facilities include an all-day dining restaurant, two speciality restaurants, a destination sky bar and a lobby lounge.

There will be 1,400sq m (15,070sq ft) of event space including a 850sq m (9,149sq ft) ballroom and a business centre.