Banyan Tree and Vanke form strategic partnership in China

Feb 8, 2017 | Bad Credit Loans, Bank Lending, Business Lending, Business Loans, Finance, Working Capital

Banyan Tree Holdings Limited (Banyan Tree) and China Vanke Co., Ltd (Vanke) have agreed to create Banyan Tree China (BTC), a new joint venture between Banyan Tree and Vanke, to consolidate the ownership of Banyan Tree-branded hotels and assets in China. The amount of initial paid-up capital of BTC is estimated to be no more than RMB2,000 million. BTC will also be the development and management platform for new projects by both parties in hospitality, senior-living and wellness.