Banyan Tree considers $300m ME hospitality fund

20 April 2010

Banyan Tree Hotels & Resorts is considering setting up a $300m Middle East hospitality fund, Emirates Business has reported. Ho Kwon Ping, executive chairman of Banyan Tree Holdings, said the Middle East market remains attractive for the company over the long term. 'In the short term, however, the hospitality sector in this region is going through digestion problems given the industry's state post the slowdown in terms of liquidity and so on,' he was quoted as saying.

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