In its first foray into Turkey; Banyan Tree will manage a boutique resort and residential development, located in the northern coast of the Bodrum peninsula.

This follows on earlier announcements in the year on management deals in China and Mexico and furthers Banyan Tree's continued expansion into new destinations around the world. "This project exemplifies Banyan Tree's ability to continually lead the markets by tapping into what we see as Bodrum's yet unrealized potential as a high-end resort and vacation home ownership destination. Banyan Tree Bodrum is another key step in the Group's diversification into key regions globally," said Executive Chairman, Mr Ho Kwon Ping.

Banyan Tree in Bodrum, Turkey

Developed by Osmanli Yapi 1 Insaat Turizm Sanayi ve Tic. A.S., a subsidiary of the London listed Ottoman Fund, the site is a scenic 45-minute drive from the Milas-Bodrum International Airport.

Measuring 18.5 hectares in size, the breathtaking terraced site will feature an all-pool villa resort and branded residences all of which will have unblocked views of the Aegean Sea and are backed by dramatic cliff terrains. The resort will also include a 4,000 square meter spa facility featuring Banyan Tree's award winning spa treatments.

Built on the ruins of the Greek city of Halikarnassos, Bodrum today is an exciting yachting destination on the Turkish Riviera, a stretch of shoreline lined with ancient cities and deep natural harbours, and some of the most spectacular unspoilt scenery in Europe.

Guests are treated to a privileged lifestyle with every facility within easy reach, as they choose to go outdoors or lounge indoors. As the first internationally renowned resort company to enter Bodrum, Banyan Tree will build Turkey's first and only all-pool villa resort that will be the gem of the Aegean Sea. 

These new developments are not expected to have any material financial impact on the Group's earnings and its net tangible assets for 2007.