Banyan Tree contemplates setting up of hospitality fund
Published by Irhal
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…
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