Acquisition · South Africa · Hospitality
Newmark Hotels & Reserves
Banyan Group acquired Newmark Hotels & Reserves.
Amount
Undisclosed
Round or stake
n/a
First reported
2026-09-17
Verification
Corroborated
4 independent reports
Parties
- Banyan acquirer
Sources (4)
- Singapore’s Banyan Group Buys Newmark to Add 26 Hotels in Africa · Skift · 2026-09-17
- Banyan Group acquires majority stake in South Africa’s Newmark Hotels & Reserves · HOTELS Magazine · 2026-09-17
- Banyan Group Announces Acquisition of Newmark Hotels & Reserves, Adding 26 Hotels, Lodges, and Reserves Across Seven African Countries · The Manila Times · 2026-09-17
- South African tycoon Neil Markovitz sells Newmark stake · Billionaires.Africa · 2026-09-18
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