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However, Mr Al Jowdar claimed BTHR could not break its hotel management agreement without the consent of Al Areen Holding Company, which was speaking to its lawyers about the dispute.
"They (BTHR) say they will take action, but we believe we have a strong case.
But Al Areen Holding Company chief executive officer and owners' representative Tariq Al Jowder said BTHR could not break the agreement alone and that any change had to be agreed by both parties.
He said that BTHR had not delivered as per the hotel management agreement and his company reserved the right to take the appropriate and necessary action required.
Al Areen Holding Company chief executive officer and owners' representative Tariq Al Jowder said earlier that BTHR could not break the hotel management agreement alone and that any change had to be agreed by both parties.
Mr Al Jowder said the company had spent more than $200 million (BD75.6m) on the resort and would not tolerate anything that could compromise its high quality and level of service.He said that BTHR had not delivered as per the hotel management agreement and his company reserved the right to take the appropriate and necessary action required.
'If BTHR is successful in the winding-up proceedings, the HMA (hotel management agreement) will be terminated as a consequence.'
The statement added the BTHR parent company, Banyan Tree Holding Limited, could witness a drop in net tangible assets and earnings per share by S$0.0015.
However, the BTHR yesterday questioned the motive behind the ban, claiming Al Areen had sought them in response to legal proceedings it was facing.
"It is no coincidence that the ban was imposed after the termination of the Hotel Management Agreement," the BTHR said in a statement.
However, three BTHR employees - one Indian, one Canadian and a Turk - are now subject to a travel ban after a complaint was filed against them at the Public Prosecution.
The hotel has since been renamed the Al Areen Palace and Spa after BTHR pulled out of its Hotel Management Agreement (HMA).
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