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Banyan Tree, Vanke JV acquires hotel assets of Banyan Tree China Hospitality Fund
Published Tue, Apr 3, 2018 · 09:50 PM
Singapore
A JOINT venture between Banyan Tree Holdings and Chinese real estate developer Vanke has acquired all the hotel assets of the Banyan Tree China Hospitality Fund, the luxury resort developer said late Monday.
The 1.35 billion yuan (S$282.2 million) deal comes as part of plans between Banyan Tree and Vanke to form a strategic partnership in China.
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