Mainboard-listed Banyan Tree Holdings has signed a management contract for a resort in the island of Saint Lucia in the Caribbean.
Banyan Tree said the Angsana Resort & Spa Saint Lucia is the group's fourth foray into the Caribbean.
Angsana Saint Lucia is an integrated resort project that will comprise a full scale resort with related facilities and amenities, including a marina and a commercial centre.
The development, which will also include residences for sale, is slated for completion in 2011. - CNA/vm
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