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Banyan Tree to form JV with property developer China Vanke
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Nisha Ramchandani
Published Mon, Jan 23, 2017 · 09:50 PM
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 branded hotels and assets in China will also be consolidated in BTC. The initial paid-up capital of BTC is estimated at up to two billion yuan (S$414 million).
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