RESORT operator Banyan Tree Holdings said late Tuesday evening French hotel chain operator Accor has not exercised an option to buy up to 10 per cent of Banyan. 


EL Development has signed a memorandum of understanding with Accor for the French hotel chain to manage a new hotel that the Singapore property developer will build in Hill Street.

<p/> [PARIS] AccorHotels has agreed to buy rival Movenpick Hotels & Resorts for 560 million Swiss francs (S$750.1 million), in a deal which Accor said would boost its earnings and marks the...