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Luxury Hotel Chain Aman Set To Transact

Category: Hotels. Posted: 10th Feb 2014

Leading global luxury chain Aman is expected to trade this week to a joint venture company composed of Peak Resorts and Adrian Zecha.

According to a media report in the Economic Times the existing owner India's DLF is selling at a total value of USD360 million which includes USD70 million in debt, so a net figure of USD290 million.

Peak Resorts is controllers by American Omar Amanat who is the entrepreneur being online trading enterprise Tradescape. He is also a significant investor in the Hollywood entertainment industry.

Aman currently are on the expansion trail fueled by a number of new hospitality led residential additions to their existing resorts with the latest being a new phase of villas for sale at Bali's Amanusa.

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