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. 

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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...