The first Cassia hotel – Cassia Phuket, Thailand, opens. Banyan Tree Huangshan, China, opens. The Group launches its fourth brand, Dhawa, a casual and contemporary full-service hotel targeting middle-class travellers.
Banyan Tree celebrates its 20th anniversary. Banyan Tree Yangshuo, China and Angsana Xi’an Lintong, China, open. The Group launches its third brand, Cassia. Banyan Tree increases the size of the Multicurrency Medium Term Note programme to S$700 million.
Three resorts open in China – Banyan Tree Tianjin Riverside, China, Banyan Tree Chongqing Beibei, China and Angsana Tengchong • Hot Spring Village, China. The Group sells Angsana Velavaru, Maldives for US$71 million (S$86.8 million) and leases it back for 10 years.
Three resorts open – Banyan Tree Shanghai On The Bund, China, Banyan Tree Lăng Cô Central Vietnam and Angsana Lăng Cô Central Vietnam. The Group acquires the remaining 70% stake in Banyan Tree Seychelles and 77.5 hectares of adjoining undeveloped freehold land for US$25 million (S$31.6 million).
The first Banyan Tree spa in Singapore – Banyan Tree Spa Marina Bay Sands, opens. Banyan Tree Macau, China, Angsana Hangzhou, China and Angsana Balaclava Mauritius, open. Sheraton Grande Laguna Phuket is rebranded as Angsana Laguna Phuket. LRH sells Laguna Beach Resort, Thailand for THB717.2 million (S$29.6 million).
Banyan Tree China Hospitality Fund – Achieves a total capital commitment of RMB1 billion. Banyan Tree Cabo Marqués, Mexico, Banyan Tree Club & Spa Seoul, Korea, Banyan Tree Samui, Thailand and Angsana Fuxian Lake, China, open. LRH sells Dusit Laguna Phuket hotel in Thailand for THB2.6 billion (S$112.3 million).
Banyan Tree Indochina Hospitality Fund – Achieves a total capital commitment of US$283 million at final closing. Banyan Tree Mayakoba, Mexico, Banyan Tree Hangzhou, China, Banyan Tree Ungasan, Bali, Indonesia and Banyan Tree Al Wadi, UAE, open.
Banyan Tree Sanya, China, opens . The Group launches the Banyan Tree Indochina Hospitality Fund, a real estate development fund primarily focusing on the hospitality sector in Vietnam, Cambodia and Laos.
Two resorts open – Banyan Tree Madivaru, Maldives and Angsana Riads Collection Morocco. The Group fully subscribes to LRH rights issue and shareholding in LRH increase from 51.78% to 65.75%. Banyan Tree establishes the S$400-million Multicurrency Medium Term Note programme.
Banyan Tree Holdings Limited is listed on the Singapore Stock Exchange. Banyan Tree Lijiang, China and Angsana Velavaru, Maldives, open. The Group introduces Banyan Tree Private Collection, Asia’s first asset-backed destination club offering perpetual and transferable membership.
The first Banyan Tree resort in China – Banyan Tree Ringha opens in Yunnan. Maison Souvannaphoum Hotel, Laos, opens. The Group acquires Thai Wah Plaza, which houses Banyan Tree Bangkok in Thailand.
Gyalthang Dzong Hotel in Shangrila, China, opens its doors.
Banyan Tree Seychelles is launched, and the Westin Banyan Tree is rebranded as Banyan Tree Bangkok.
Banyan Tree Spa Academy is set up to train therapists and research new treatment recipes and techniques. Angsana Ihuru, Maldives and Angsana Bangalore, India, open. The Green Imperative Fund is launched to formalise the Group’s corporate social responsibility efforts.
Angsana brand is launched with the opening of Angsana Bintan, Indonesia and Angsana Great Barrier Reef, Australia.
Two resorts open – Banyan Tree Vabbinfaru, Maldives and Banyan Tree Bintan, Indonesia.
The Group’s flagship resort – Banyan Tree Phuket – is launched in Thailand’s Laguna Phuket. The resort includes the first Banyan Tree Spa and Banyan Tree Gallery.
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