Continuous support from the Ho KwonPing
MANAMA: Gulf Finance House (GFH) has agreed to sell the Banyan Tree Desert Resort and Spa to a Singaporean investor for an undisclosed sum.
The award-winning development is part of GFH's Al Areen project, being built over two million square metres in the Sakhir area, aimed at attracting families and eco-tourists.
GFH chairman Esam Janahi confirmed the sale of the resort in a statement sent to the GDN and said the investment bank would continue to own the rest of the Al Areen project.
"The sale of the Banyan Tree Resort and Spa, Bahrain is a further indication of the strength of GFH's concepts and their appeal to investors in the wider marketplace," he said.
However, GFH officials were not available to comment on why the bank had decided to sell the resort or identify the buyer.
It will now be managed exclusively by its new owner.
iam802 wrote:Continuous support from the Ho KwonPing
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