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Posted: 08 Feb 2011 | 6:00 am
Hospitality group Banyan Tree Holdings have raised USD214 million for a new private equity Banyan Tree China Hospitality Fund.
The Singapore group have publicly stated their intention to reduce what is considered to be over exposure to the Thai market via last year's sale of the Dusit Thani Laguna Phuket.
Previously a Vietnam vehicle for the integrated destination resort Laguna Hue project was funded via a Banyan Tree Indochina Hospitality Fund which raised a reported USD283 million.
A column featuring environmental issues and conservation around the island. Click here for more Green Reports check out the latest story from the leading experts:
A recent Channel News Asia television segment Boomtown Asia checked into the island's environmental, and sustainable tourism sectors.
The innovative Evening Breeze environmental cooling system is gaining global attention in the resort markets and villas.
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