Banyan Tree Group, a Singapore-based multinational hospitality brand that develops and manages hotels and resorts, announced its debut in Japan with two hotel openings and three more planned over the next three years.
The hotels represent four brands under Banyan Tree, which partnered with Wealth Management Group for four of the properties and Terraform Capital for the other, according to a news release.
Two of the hotels, the 138-room Dhawa Yura Kyoto and 25-room Garrya Nijo Castle Kyoto, opened on June 17. The remaining three properties — the Banyan Tree Higashiyama Kyoto, Cassia Hirafu and Banyan Tree Ashinoko Hakone — are expected to open in 2024, 2025 and 2026, respectively. Banyan Tree's portfolio of 48 properties includes hotels, resorts, spas, galleries, golf courses and residences across 13 countries.
Along with the openings and development plans, Banyan Tree Group also announced in the news release a strategic partnership with management and consulting company Intrance Hotels & Resorts to focus on conversion projects in Japan.
“We are pleased with our strategic entry into Japan, in line with the government’s recent decision to ease international tourism into the country. Just in time to announce the openings of Dhawa and Garrya, in addition to the new partnerships that will expand our multi-branded portfolio,” Eddy See, Banyan Tree Group President and CEO, said in the news release.