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Banyan Tree Joint Venture For 17 Myanmar Hotels

Category: Hotels, Posted:17 Mar 2020 | 07:51 am

Banyan Tree Holdings has entered into a joint venture with Myanmar Treasure Hotel and Resort Group (Htoo Hospitality) for 15 operating and two pipeline properties in Myanmar.

The JV will manage the Myanmar partner’s portfolio and also take on third party management party management contracts.

Spanning a number of locations across the country, the group will use Banyan Tree’s IP of brand families and will also have a dedicated brand according to SKIFT.

As Asia’s regional chains look to get a foothold in fast developing countries, a new wave of operators are opting for joint ventures despite the strategy having a legacy of mixed results.

Thailand’s Dusit recently did a deal in the Philippines with Metro Pacific for hotels and residences across the country.

Other News

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Cambodia Business Briefing – What Comes Next?

Category: Hotels|Real estate|Tourism, Posted:19 Oct 2021 | 08:13 am Hotels, tourism, and real estate are featured in next week’s virtual event – Cambodia Business Briefing. Organized by C9 Hotelworks and Delivering Asia Communications, the session will be on Tuesday 26th October, 3:00 pm Phnom Penh/Bangkok Time | 4:00 pm Singapore/Hong Kong. Cambodia remains one of Asia’s top-up and coming marketplaces. Pre-pandemic, its pace of […]
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PHIST 2021 – Sustainable Asia RE-defined Coming 28 October

Category: Hotels, Posted:11 Oct 2021 | 09:11 am The fourth annual Asian-based sustainability-focused learning event PHIST 2021 will take place in a dynamic virtual setting on 28th October. Organized in Phuket, Thailand with speakers from across the region. PHIST (Phuket Hotels for Islands Sustaining Tourism) has established itself as a leading forum in Asia for sustainable tourism, environmental education for hotels as well […]
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Lonely Planet. Ultimate Vacation Homes. More Phuket Meds

Category: Tourism, Posted:07 Oct 2021 | 21:02 pm It’s Friday and we have a trio of video insights for you. Listen to an intriguing talk with Joe Cummings who is behind the first Lonely Planet Thailand guidebooks. Hear seven short real estate talks on the latest trends. And then, how is Thanyapura looking to expand their medical footprint across Phuket. Right here. Right […]