Banyan Tree

Re: Banyan Tree

Postby winston » Fri Jun 06, 2014 10:12 am

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Banyan Tree launched its third brand, Cassia, to signal its foray into what it regards as the "under-innovated" serviced apartment market.

Five projects are in development in Phuket, Bintan, Beruwala in Sri Lanka, the Gold Coast in Australia and Lijiang in China, with the Phuket one slated to be the first to
open next year; the rest will follow in the next 11/2 to two years.

The Banyan Tree Group's Banyan Tree hotel brand follows an all-villa concept while its Angsana brand markets contemporary, chic and ecologically-sensitive hotels and
resorts. Cassia, on the other hand, will provide business and leisure travellers fully-furnished apartments for extended stay.

Source: DBS
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Re: Banyan Tree

Postby winston » Thu Dec 08, 2016 10:23 am

Banyan Tree and AccorHotels announce strategic partnership

Banyan Tree has entered into an agreement with AccorHotels.

Under a long-term partnership, both parties intend to collaborate to develop and manage Banyan Tree branded hotels around the world.

Banyan Tree will also have access to AccorHotels’ global reservations and sales network, as well as its loyalty programme Le Club
AccorHotels.

AccorHotels will invest an initial S$24m (c.€16m) in Banyan Tree.

Source: DBS
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Re: Banyan Tree

Postby winston » Fri Dec 09, 2016 1:41 pm

AccorHotels buys 5% in Singapore’s Banyan Tree, boosts luxury portfolio

by Dominique Vidalon

December 8, 2016: AccorHotels has bought an initial five percent stake in Singapore’s Banyan Tree Holdings as part of Accor’s current strategy to strengthen its luxury hotels portfolio to give a boost to its earnings.

The move follows similar deals by AccorHotels, which is Europe’s largest hotels group, in the luxury sector, such as its $2.7 billion acquisition of FRHI Holdings, which owns the Fairmont, Raffles, and Swissotel brands, and its takeover of UK serviced home rental company Onefinestay.

AccorHotels will invest 24 million Singapore dollars ($17 million) to buy a stake of 5 percent in Banyan Tree upon the conversion of a mandatory convertible bond.

AccorHotels has the option to buy an additional stake of approximately 5 percent.

Luxury hotel operators can earn profit margins that are two to three times higher than those of budget hotels, and AccorHotels is hoping that expanding in this upmarket part of the industry will boost its profits, which have come under pressure due to security concerns impacting Europe.

“We are confident that our investment will create incremental value for our shareholders,” said AccorHotels chief executive Sebastien Bazin in a statement, commenting on the Banyan Tree deal.

AccorHotels has more than 4,000 hotels, resorts and residences worldwide. Its luxury portfolio now comprises Raffles, Fairmont, and various Sofitel brands. Banyan Tree Holdings has 43 hotels and resorts under the four brands of Banyan Tree, Angsana, Cassia and Dhawa, as well as 64 spas and three golf courses in 28 countries.

Accor shares were down 0.2 percent in early session trading. The stock is down by around 13 percent so far in 2016.

AccorHotels cut back the upper end of its 2016 profit target range in October after its French and Belgian operations were hit by security fears in the third quarter.

Source: Deal Street Asia

http://www.dealstreetasia.com/stories/a ... io-60135/#
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Re: Banyan Tree

Postby winston » Mon Dec 26, 2016 10:18 am

November 17, 2016

not vested

Banyan Tree's boss prunes his five-star hotel strategy

by JUSTINA LEE

"We have signed four very exciting deals recently in Cuba"


In September, Banyan Tree announced it was opening a new property in Turkey in spring 2017


Launched in 1994, the group is a major Asian hotel player, operating about 40 hotels and about 65 spas in over 25 markets.


At the end of 2015, the company held only partial stakes in four out of the 14 hotels in China, with the rest fully owned by third parties.

Only five of its resorts -- located in the Maldives, the Seychelles and Morocco -- were wholly owned.


Ho is also aiming at a new type of customer -- someone younger and looking for something less conventional. This strategy includes the launch last year of the less-expansive Dhawa chain of hotels. Its three-star properties charge $80 to $170 per night, compared with the $150 to $400 charged by the company's Banyan Tree and Angsana brands.


Source: Nikkei

http://asia.nikkei.com/magazine/2016111 ... d-survival
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Re: Banyan Tree

Postby winston » Tue Jan 24, 2017 8:15 am

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Banyan Tree forms JV with Vanke to consolidate China assets

By PC Lee

SINGAPORE (Jan 23): Banyan Tree Holdings and China Vanke Co. have agreed to create Banyan Tree China (BTC), a new joint venture between Banyan Tree and Vanke, to consolidate the ownership of Banyan Tree-branded hotels and assets in China.

The amount of initial paid-up capital of BTC is estimated to be no more than RMB2 billion ($414.3 million).

BTC will also be the development and management platform for new projects by both parties in hospitality, senior-living and wellness.

BTC will initially be controlled 50:50 by Banyan Tree and Vanke through the injection by Banyan Tree of all its China-owned assets into BTC at valuation, which is to be confirmed by an independent valuation methodology.

The current book value of these assets (before valuation) is RMB720 million. BTC will at its discretion invite owners of the other 15-plus existing hotels and 20-plus hotels bearing various Banyan Tree brands under development in China to inject their hotels into BTC under mutual agreement.

Vanke may also inject hotels it owns as well as future hotels under development into BTC.

BTC will also own 40% of Banyan Tree’s hotel management company in China and continue the rapid expansion of the various brands under the Banyan Tree Group namely Banyan Tree, Angsana, Cassia, Dhawa and Laguna.

Vanke will also take up 5% equity stake in Banyan Tree itself,
as did AccorHotels, another strategic partner with which Banyan Tree recently signed a collaboration agreement to co-develop Banyan Tree-branded hotels around the world.

Yu Liang, President of China Vanke, said: “Vanke is not only one of the largest real estate developers in China, but also one with a reputation for integrity, quality and innovation... We have over 9 million homeowners who keep in close touch with us, and they will be a big market for Banyan Tree hotels.

We have many mixed-use urban projects which could take on a Cassia or Dhawa. And we also have many senior-living and active-ageing projects where Banyan Tree’s award-winning wellness experience can provide new joint opportunities.”

Shares of Banyan Tree closed 1 cent higher at 48 cents.

http://smr.theedgemarkets.com/article/b ... 4-87358173
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Re: Banyan Tree

Postby winston » Thu Feb 23, 2017 10:22 am

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Banyan Tree's FY16 revenue decreased 16% to S$309.6m while PATMI improved from a loss of S$27.5m in FY15 to a loss of S$16.2m.

4Q16 improved from a loss of S$18.4m in 4Q15 to a profit of S$8.4m.

Source: OCBC
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Re: Banyan Tree

Postby winston » Sat May 13, 2017 10:42 am

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Singapore's Banyan Tree reports 124% rise in Q1 profit

Better performing fee-based segment boosted profits, while revenue fell

by JUSTINA LEE

SINGAPORE -- Singaporean luxury resort operator Banyan Tree Holdings posted a 124% jump in net profit of 1.19 million Singapore dollars ($844,500) for its first quarter ended March, from S$535,000 a year ago.

The leap was mainly due to a higher contribution from its fee-based segment and a lower share of profits going to non-controlling interests.

However, revenue for the three months fell by 9% to S$90.4 million, dragged down by a poor performance in its property sales segment, which fell by 66% to S$5.8 million.

Its fee-based segment grew by 8% to S$19.2 million compared to a year ago. Higher architectural and design fees earned from projects in China, Dubai and Japan, and a higher reversal of bad debts provision, following payments by several hotel owners in China, contributed to the revenue increase.


Source: Nikkei

http://asia.nikkei.com/Business/AC/Sing ... -Q1-profit
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Re: Banyan Tree

Postby winston » Fri Aug 04, 2017 10:05 am

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Banyan Tree Holdings Limited – A new era through partnerships
Recommendation: BUY (Initiation), Last Close Price: S$0.565
Target Price: S$0.77

Strategic partnerships signed with China Vanke and AccorHotels offer divestment gains, new management fee income and fresh capital for Banyan Tree.

Potential 9c/share gain on disposal of China assets provide upside to dividends.

Pipeline of potential hotel openings with Accor can almost double Banyan Tree’s hotel network from the current 40 to 76.

Initiate coverage with BUY rating and S$0.77 target price, implying a 36% upside.

Source: Phillips

http://internetfileserver.phillip.com.s ... 170804.pdf
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Re: Banyan Tree

Postby winston » Fri Aug 11, 2017 9:50 am

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Banyan Tree:-

Loss for the second quarter narrowed to S$12.26 million from S$14.36 million a year ago.

Revenue for the three months rose 6% year on year to S$69.84 million on the back of higher contributions from its hotel investments segment and the fee-based segment.

Source: KGI
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Re: Banyan Tree

Postby winston » Mon Aug 14, 2017 9:54 am

Turnaround in operations

2Q17 RESULTS

2Q17 revenue and EBITDA within our expectations.

Turnaround in operating performance driven by hotel investments and fee-based segment, continuing the trend from 1Q17.

RevPARs improve 15%/28% for Thailand/Seychelles, Maldives’ down 9%.

Maintain BUY with a lower target price of S$0.74 to account for the lower than
expected disposal gain of S$39mn vs S$66mn forecasted.


Source: Phillips

http://internetfileserver.phillip.com.s ... 170814.pdf
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