Hotels

Banyan Tree contemplates setting up of hospitality fund

Banyan Tree Hotels & Resorts is looking to set up a Middle East hospitality fund worth about $300 million (Dh1.1 billion), said Ho Kwon Ping, Executive Chairman, Banyan Tree Holdings. Currently, the company exists in the Middle East thanks to the presence of two of its brands -- Banyan Tree Hotels & Resorts and Angsana.
"If we were to invest in the Middle East, it would be by the way of a development fund. This could happen over a time frame of two to four years. Lets us say that in the next two years, we will start talking to potential investors and then in four years' time we would have a established a development fund for the Middle East,” added Ping.
He pointed out that Middle East remains an attractive market for the company in the long run. Meanwhile, a similar fund is being set up in China. “We are currently in the midst of raising a similar fund for China. When raised, we would use it to invest in China projects,” explained Ping.  

More Hotels
Rixos Ras al Khaimah launches May Fest 2017
DUKES Dubai hotel launches exclusive, women’s only Duchess Floor
Swissotel opens new luxury hotel in Makkah near the Ka’aba
Latest Travel News
Emirates A380 Onboard Lounge on display ...
Etihad’s heavyweight promotion at Arabia...
Emirates cuts flights to the United Stat...
Featured Sights To See
Rath Museum

Rath Museum

Geneva, Switzerland

The Rath Museum is the first ever museum to be dedicated wholly to the fine arts in Geneva, in 1826. The building on its own is a masterpiece of architecture. It is located near the city's only remaining ancient rampart walls. The museum contains classical examples from Swiss art and design. Recent ongoing exhibitions from around Europe are also held here.   Location: Place Neuve 2 Tel...

The Rocks

The Rocks

Sydney, Australia

This quaint (though expensive) neighborhood is known as the birthplace of Sydney because it is where British settlers first landed in 1788. Such historical significance is noticeable and marketed throughout the town via landmarks such as the Sydney Observatory (the colony's first windmill) and Cadman's Cottage (Sydney's oldest building that was built in 1816). The great thing abou...

European Central Bank

European Central Bank

Frankfurt, Germany

The economic hub of Germany and all of Europe, the European Central Bank is charge of administrating the monetary policy of the European Union. Tours for the bank have to be arranged via tourist agencies in Frankfurt. Address: Kaiserstraße 29 60311     Frankfurt, Deutschland Phone: 069 1344-0 URL: www.oma.eu  ...

Co Luong Temple

Co Luong Temple

Hanoi, Vietnam

A small temple; it is located at the end of a small and is recognizable by the two colorfully garbed door guards flanking its entrance. Address: 28 Nguyen Sieu Street ...