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AMAN Resorts Chain For Sale

Category: Hotels, Posted:06 Apr 2010 | 07:55 am

Back of a report from the Economic Times that DLF the majority owner of the prestigious Aman Resorts chain has engaged Goldman Sachs to sell its equity stake. DLF has an ownership stake of 97% and Adrian Zecha the remaining portion. Reportedly the company is valuing the chain at USD600 million.
DLF which is a leading property firm in India has stated that it is looking to focus on it's core business, which has suffered during the recent economic downturn.
Many industry analysts point out that Aman has never been a great financial performer despite it's strong brand name and high consumer awareness. Concerns also exist on the age of it's found Adrian Zecha and the lack of a clear cut succession plan.
Without a doubt though Aman remains a trophy asset and is going to attract serious attention from prospectrive buyers.

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Destination Group Transacts Khao Lak Hotel

Category: Hotels, Posted:21 Sep 2022 | 16:21 pm The Destination Group has acquired a partially completed beachfront 400-key hotel in Khao Lak, Phang Nga. What was named the Mora Resort which is under construction will see Destination fully complete and brand the property. An opening in late 2023 is planned for the hotel which is located near the JW Marriott. Access to Khao […]
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Soho House Bangkok Opening in December

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UWC Phuket Enters International School Property Market

Category: Real estate, Posted:20 Sep 2022 | 08:46 am One of Phuket’s leading international schools UWC has entered into a development deal for integrated living. The school has subdivided a portion of its land adjacent to the campus and will have properties built by a Phuket real estate group TYSSEN VIP Development. Branded as the Campus Villas, the 44-unit gated estate offers four types […]
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