Banyan Tree Joint Venture in China Targets Villa Sales

Banyan Tree holdings have announced a joint venture in China's Sichuan Province which will develop a hotel and sell branded villas on a leaseback arrangement. Using a model similar to the one they pioneered in Laguna Phuket the brand is targeting growth in one of the world's hottest property markets, China.
While branded real estate in many parts of the world have slowed to a virtual trickle of transactions the investment appetite in China remains healthy and growing back of strong domestic demand.