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Singapore– Mainboard-listed Banyan Tree Holdings Limited (“Banyan Tree” or the “Group”), a leading manager and developer of premium resorts, hotels, spas and galleries, announced today its third quarter results which shows PATMI returning to profit. However, this quarter’s performance continued to be affected by the knock-on effects of the Thai political crisis and the cessation of several temporary cost cutting measures carried out last year.
Singapore– Banyan Tree Spa has been voted Spa Academy of The Year at the 6th Annual AsiaSpa Awards 2010. It is the proud winner of this esteemed award for the second consecutive year.
Singapore– Banyan Tree Hotels and Resorts is the proud winner of the 2010 Singapore Tatler Leadership Award for the Environment.
Ras Al Khaimah, United Arab Emirates– One of the newest properties in the Banyan Tree portfolio, Banyan Tree Al Wadi in Ras Al Khaimah has launched its brand new beach club. 32 luxurious Beachfront Pool Villas will be unveiled. It will be the first time that a resort in the UAE combines a stay that includes a wildlife nature reserve, sweeping desert dunes, awe-inspiring mountains and relaxing beach experience.
Singapore–The Board of Banyan Tree Holdings Limited is pleased to announce that it has successfully closed its first Renminbi denominated private equity fund in China, the Banyan Tree China Hospitality Fund, on 16 January 2011 with total capital commitments of RMB 1.07 billion (S$ 214m).
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