PHILIPPINES - Banyan Tree Expands to the Philippines

media.banyantree.com, 14 November 2007

Singapore Main-Board listed Banyan Tree Holdings Limited (“Banyan Tree” or the “Group”), a leading developer, designer and operator of top tier resorts, hotels and spas worldwide, today announced its new venture in the Philippines. Tree and its partner, Mr Salvador B Zamora II, a prominent businessman in the mining and real estate industries, have entered into a joint venture to develop and operate luxury resorts on Dinaran Island in the Philippines.

The uninhabited island, which has an area of about 55 hectares, is surrounded by stretches of white-sand beach. Located south of Manila in Palawan Province, Dinaran Island is just 15 minutes away by speedboat from the thriving town of Coron. Visitors can reach Coron through daily scheduled flights of approximately one hour from Manila to Yulo King Ranch Airport in Busuanga, which is the adjourning town to Coron.

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