Banyan Tree resorts seeks cash for UAE expansion

Asia’s Banyan Tree Hotels and Resorts is planning to expand its presence in the UAE in 2013 by establishing strategic partnerships with investors, the group said in a statement.

Banyan Tree Hotels & Resorts CEO Abid Butt, who visited the emirates recently, said: “We are looking into various opportunities in the UAE to launch new hotels and resorts by forming new alliances and partnerships.

“The hospitality industry in the UAE in general, and Dubai and Abu Dhabi in particular, is witnessing increased growth supported by strong infrastructure and increasing interest in travel and tourism in the region which inspires us to look into various options to enhance our position in the country ,” he added.

The Banyan Tree Group manages and owns 30 resorts and hotels around the world, more than 60 integrated health clubs, 80 retail galleries and runs two golf courses.

It currently manages two hotels in the Middle East, Banyan Tree Al Wadi and Banyan Tree Ras Al Khaimah Beach.