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Banyan Group acquires Newmark Hotels & Reserves
PRIVATESep 17, 2026•about 2 hours ago
Acquiring Company
Banyan Group
Acquired Company
WORQ
SingaporeMalaysiaHospitalityLeisureHotelTravel
Description
Banyan Group announced the acquisition of a majority stake in Newmark Hotels & Reserves, a hospitality management company based in Cape Town. This strategic partnership adds 26 hotels, lodges, and reserves across seven African countries to Banyan's portfolio. Newmark will operate under its brand while benefiting from Banyan's international reach. The deal aims to enhance growth opportunities for both companies in Africa's fast-growing tourism market.
Company Information
Company
Banyan Group
Location
Singapore
About
Banyan Group, also known as Banyan Tree Holdings Limited, is an independent, global hospitality company that emphasizes design-led experiences and responsible stewardship. The group operates an extensive portfolio of 91 hotels and resorts, over 140 spas and galleries, and 20 plus branded residences across more than 20 countries. With 12 global brands, including the flagship Banyan Tree, the company is dedicated to sustainable travel and regenerative tourism. Its founding ethos, 'Embracing the Environment, Empowering People,' drives its commitment to wellbeing and environmental responsibility.
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70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed
Frequently asked
Who acquired WORQ?
WORQ was acquired by Banyan Group, based in Singapore. The deal was reported on September 17, 2026. Banyan Group, also known as Banyan Tree Holdings Limited, is an independent, global hospitality company that emphasizes design-led experiences and responsible stewardship. Banyan Group is privately held and operates in Hospitality.
When did Banyan Group acquire WORQ?
Banyan Group's acquisition of WORQ was reported on September 17, 2026. Banyan Group announced the acquisition of a majority stake in Newmark Hotels & Reserves, a hospitality management company based in Cape Town. This strategic partnership adds 26 hotels, lodges, and reserves across seven African countries to Banyan's portfolio. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does WORQ do?
Malaysia-based co-working space provider with a goal to expand its co-working space operations. It is privately held, and is based in Malaysia.
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Singapore
MalaysiaHospitalityLeisureHotelTravel