hernanderson - 3-28-2015 at 09:21 AM
Banyan Tree, Grupo Real Turismo and Holiday Inn will invest $550 million.
Banyan Tree expects to complete 10 projects during that time frame, investing $300 million in the luxury and business travel sectors. Some will be new
developments, others will be acquisitions, said Abid Butt, general manager of Banyan Tree Hotels and Resorts.
Banyan sees Cancún and Los Cabos as key areas for its future developments. It currently has two properties in Mexico, the Banyan Tree Mayakoba located
in the initial phase of a huge tourism and residential project in Playa del Carmen, and the Cabo Marques in Acapulco. Worldwide it owns 37.
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