HOTELS & RESORTS

Banyan Tree Partnering with Saraya Islands to Operate its First Urban Retreat in Ras Al Khaimah in the United Arab Emirates
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, announced today that it has signed a management agreement to operate a Banyan Tree resort in one of the four islands in the Saraya Islands mixed-use project in the Emirate of Ras Al Khaimah, United Arab Emirates.
This is Banyan Tree’s twelfth flag in its portfolio of upcoming properties in the Middle East and will complement the Group’s current desert resort development in the Emirate. “Our strategy for Ras Al Khaimah has been to offer our guests an Arabian desert experience and an exceptional beach resort within a stone’s throw of each other. We are very pleased that this strategy has now been achieved and we are well positioned to offer our guests a unique taste of all that the Emirate has to offer,” said Banyan Tree Executive Chairman, Mr. Ho Kwon Ping.
Mr. Mahdhar Al Tamimi, General Manager of Saraya Islands commented, “Our partnership with Banyan Tree, to operate a resort in one of the four Saraya Islands in the project, translates our commitment towards our clients and investors, to partner with the best in their fields of expertise. This includes offering and showcasing a selection of the finest hotels and resorts, along with retail, entertainment, leisure and sport facilities, in addition to luxurious residential units that cater for customers and business needs.”
Banyan Tree has chosen Saraya Islands –- a world class destination in Ras Al Khaimah strategically located between the majestic range of Hajjar Mountains and the azure sea of the Persian Gulf. The project consists of four natural islands and a main village, occupying a five-and-a-half-kilometre stretch of land, together forming a lagoon framed by the islands and its corresponding mainland site of approximately 16 hectares, creating two different waterfront settings on the Ras Al Khaimah coast.
Saraya Islands will comprise six premium five-star hotels and resorts, a top-notch marina, palatial villas, villas of various types and sizes, lagoon view townhouses, waterfront terraced apartments, exotic bungalows, high quality retail, restaurants and entertainment outlets, a pedestrianised boulevard, indoors and outdoors sports facilities, pedestrian-friendly bridges, bicycle roads, and an amusement water park, in addition to five kilometres of sandy beaches, all set within a unique architectural design.