Banyan Tree adds a fourth jewel to its necklance of resorts in the caribbean (St. Lucia)
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Banyan Tree adds a fourth jewel to its necklance of resorts in the caribbean (St. Lucia)
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Category: North America & West Indies / Carribean islands - St. Lucia - Industry economy
- Hotel projects
This is a press release selected by our editorial committee and published online for free on 2008-06-02
Singapore Main-Board listed Banyan Tree Holdings Limited (“Banyan Tree” or the “Group”), a leading developer, designer and operator of top-tier hotels, resorts, spas and retail galleries worldwide, today announced that it has signed a management contract for an Angsana Resort & Spa in the island of Saint Lucia in the Caribbean.
Angsana Resort & Spa Saint Lucia is the Group’s fourth foray into the Caribbean and will be the third addition to the Group’s growing network of Angsana branded developments across the region. “Saint Lucia is a key destination in the Caribbean and an important part of Angsana’s expansion plans there. We are very excited by the introduction of Angsana Resort & Spa to Rodney Bay, Saint Lucia, which promises to be yet another jewel in the necklace of Angsana resorts that are slowly taking shape in the Caribbean.” said Executive Chairman, Mr. Ho Kwon Ping.
Angsana Saint Lucia is developed by the Modern Continental Enterprises (St Lucia) Limited. Located on a promontory in the picturesque Rodney Bay, the development spans over an area of more than 27 hectares and has an uninterrupted view of the Caribbean Sea. Angsana Saint Lucia is an integrated resort project that will comprise a full scale resort with related facilities and amenities including a marina and a commercial center. The development will also include exclusive branded residences for sale. Against the backdrop of Saint Lucia’s tropical weather and beautiful scenery, guests at the resort will be able to enjoy the Group’s signature Asian hospitality, the award-winning Angsana Spa and a variety of unique dining experiences.
The development is slated for completion in 2011.
These new developments are not expected to have any material financial impact on the Group’s earnings and its net tangible assets for 2008.
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