Banyan Tree China BTC, with paid-up capital of about RMB2,000m, is a new joint venture, currently held 50-50, between Banyan Tree and Shenzhen-based China Vanke Co., Ltd, led by founding President Wang Shi and CEO Yu Liang. Vanke will hold 40% of Banyan Tree’s management company in China (it will also take 5% equity in Banyan Tree globally). The idea is to expand Angsana, Banyan Tree, Cassia, Dhawa and Laguna brands in China, where now Banyan Tree has over 15 operating properties and a pipeline of 20.
One of Banyan Tree’s existing properties is Banyan Tree Ringha, shown above and left, at 10,000 feet above sea level northwest of Kunming, in Yunnan. All 32 suites, in Tibetan style, have balconies, and there is one 3,000 sq ft duplex suite. Local hiking is a big draw.