BANGKOK— Banyan Tree Holding, a Singapore-based hotel development group, plans to expand its portfolio in Thailand over the next four years with potential investments in Chiang Mai, Pattaya and Hua Hin, said Bernold Schroeder, vp/business development for Banyan Tree Hotels and Resorts. The new-construction property in Chiang Mai is expected to become the third Banyan Tree hotel in Thailand, while the other two proposed beach hotels are likely to be acquisitions and operated under the groups second brand, Angsana Resorts and Spas. Besides the planned projects in Thailand, the group will also open the Banyan Tree Seychelles next year in the Indian Ocean island republic. The groups portfolio includes four Banyan Tree properties in Bintang, Phuket, the Maldives, and Bangkok; and 10 Angsana spas, four of which are at its hotels while the other six are stand-alone services or facilities located under other hotel brands. Meanwhile, the company recently completed a US$4 million refurbishment of the former Westin Banyan Tree in Bangkok and will re-brand it as the Banyan Tree Bangkok on Jan 1. The re-branding follows the expiration of a five-year contract with Westin Hotels and Resorts this month. SOURCE: Bangkok Post, Thailand
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