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Banyan Tree strikes strategic partnership with AccorHotels

Move to develop and manage Banyan Tree branded hotels around the world

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The initial S$24m investment in convertible debenture will, on conversion, give AccorHotels a stake of about 5% in Banyan Tree. AccorHotels has the option to purchase another stake of about 5% in the resort operator.

Singapore

RESORT operator Banyan Tree Holdings has inked a strategic partnership with hotel group AccorHotels that comes at a time of consolidation within the industry.

Banyan Tree said on Thursday that both parties have entered into a heads of agreement for their long-term

sentifi.com

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