Friday, January 11, 2008

Banyan Tree Signs Contract To Manage UAE Resort

Source : Channel NewsAsia, 10 January 2008

Banyan Tree has signed a management contract to operate a resort on Saraya Islands in the United Arab Emirates.

This will be the luxury resort operator's 12th resort in the Middle East.

The resort will have 150 suites overlooking the Persian Gulf.

It is expected to be completed in 2011.

No financial details of the deal were given. - CNA /ls

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