The Banyan Tree
Clubhouse and Spa within the project.
The takeover would be made through a voluntary tender offer for LRH shares by Banyan Tree
and its subsidiary, Banyan Tree
Resorts & Spas (Thailand) Company Limited.
The brand's only outpost in the Middle East, Banyan Tree
Al Wadi in Ras Al Khaimah, UAE, was rebranded into a Ritz-Carlton property last year, but the brand has since announced a residential project in Dubai called Banyan Tree
Residences Hillside Dubai.
As the first project in the Banyan Tree
Residences collection to be built in the Middle East, the 32-storey, single tower development includes 244 units of one-, two-, three- and four-bedroom apartments, duplex apartments with private outdoor gardens, and three full-floor penthouses.
The project will fall under the Banyan Tree
Residences collection and will be the luxury property brand's first project in the Middle East.
Tucked away in Dubai Multi Commodities Centre (DMCC) is the Banyan Tree
Residences, Hillside Dubai, a luxury residential development bearing the stamp of the Banyan Tree
Group, the global premium developer in the hotel and spa sector.
The 110,000-square foot Banyan Tree
Residences, Hillside Dubai will also include a spa, saunas, a squash court, a 31-metre resort-style swimming pool, a children's pool, and a poolside cafe.
Maher Sweid, Managing Partner of Sweid & Sweid, commented: "With over 2 years in design and development, we are excited to finally announce this landmark project and our partnership with Banyan Tree
Award winning UAE-based developer Sweid & Sweid has partnered with Internationally acclaimed hospitality brand Banyan Tree
to develop and deliver the first Banyan Tree
Residences in the Middle East.
Loeffler, who hails from Germany, says that "After visiting a few other resorts in the area, we felt that no other place compared to Banyan Tree
Mayacoba is made up of residences as well as several hotels: The Fairmont, Rosewood, Andaz (the newest addition), and where we were booked, Banyan Tree
WHERE TO STAY The Banyan Tree
Al Wadi resort has massive villas from [euro]544pn B&B.