SINGAPORE: Mainboard-listed Banyan Tree Holdings has signed a management contract for a resort in the island of Saint Lucia in the Caribbean.

Banyan Tree said the Angsana Resort & Spa Saint Lucia is the group's fourth foray into the Caribbean.

Angsana Saint Lucia is an integrated resort project that will comprise a full scale resort with related facilities and amenities, including a marina and a commercial centre.

The development, which will also include residences for sale, is slated for completion in 2011. - CNA/vm