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Banyan Tree to form JV with property developer China Vanke

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The current book value of Banyan Tree's China-owned assets, including Banyan Tree Lijiang (above), Banyan Tree Ringha and Laguna Chengdu, is some 720 million yuan before valuation.

Singapore

RESORT operator Banyan Tree Holdings is tying up with real estate developer China Vanke to form a joint venture, Banyan Tree China (BTC), which will develop and manage projects in hospitality, senior living and wellness.

Under the deal, the ownership of Banyan-Tree

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