Banyan Tree Holdings is tying up with China Vanke to form a joint venture, Banyan Tree China (BTC), which will develop and manage projects in hospitality, senior living and wellness. Under the deal, the ownership of Banyan-Tree branded hotels and assets in China will also be consolidated in BTC. The initial paid-up capital of BTC is estimated at up to ¥2 billion (SGD 414 million).

BTC will be initially controlled 50:50 by Banyan Tree and Vanke through the injection by Banyan Tree of all its China-owned assets into BTC at valuation. BTC will also own 40% of Banyan Tree's hotel management company in China, Banyan Tree Hotels Management (Tianjin) Co, and will continue to grow the brands in the group's portfolio. The group's brands are Banyan Tree, Angsana, Cassia, Dhawa and Laguna.