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Banyan Group Announces Acquisition of Newmark Hotels & Reserves, Adding 26 Hotels, Lodges, and Reserves Across Seven African Countries

In Brief: Banyan Group has acquired Newmark Hotels & Reserves, adding 26 hotels, lodges, and reserves across seven African countries to its portfolio, expanding its presence and operational footprint on the continent. Jonkershuis – Image Credit Banyan Group    Banyan Group today announced a strategic partnership with Newmark Hotels & Reserves, a Cape Town-headquartered hospitality management company, and the acquisition of a majority stake in Newmark under a phased ownership structure leading to full ownership over time. s part of the partnership, Newmark joins Banyan Group as a collection brand, bringing its managed portfolio of 26 hotels, lodges and reserves across…

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The Payroll the GM Never Read

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