SINGAPORE: The resort, hotel and spa operator Banyan Tree has signed on a new property in Shanghai, China.

Singapore mainboard-listed Banyan Tree announced that it had secured the management of a new exclusive waterfront boutique hotel on one of the last available waterfront sites along the Shanghai Bund.

The hotel, scheduled to open in 2010, will add to Banyan Tree's growing presence in China.

Banyan Tree has recently announced five projects in the country, including two new city hotels in Beijing.

The resort operator has been aggressively expanding into new destinations around the world, such as Mexico, Mauritius, Turkey, Vietnam and Jordan. - CNA/ac