TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

  • This field is for validation purposes and should be left unchanged.

NEWS ALERT Has Aman Resorts Been Sold – Malaysian Wealth Fund?

Category: Hotels, Posted:18 Jun 2010 | 12:09 pm

The reported sale of the glitzy luxury Aman Resorts by DLF to the Malaysian Sovereign Wealth Fund Khazanah looks to have taken a decidedly intriguing twist.
A published report within India's Economic Times had said Khazanah was close to buying a controlling stake for between USD300-350 million on Thursday June 17.
Malaysian State News Agency Bernama has now stated on June 18th that Khazanah has said there is no deal and the article was "speculative and misleading" in its content.
It appears for the moment that Aman remains vested within India's DLF group who had earlier in the year announced plans to sell its shareholding in order to pay down debt from the company.
Stay tuned for news on the outcome of this saga.

Other News

Read more

Phuket Airlift To Koh Samui Is Back

Category: Tourism, Posted:23 Oct 2020 | 16:26 pm Bangkok Airways has announced the return of flights between Phuket and Koh Samui. According to the Phuket News service commences Sunday, October 25th leaving Phuket at 12:20 pm and arriving in Samui at 1:15 pm. There will also be a resumption of flights between Phuket and Hat Yai between Phuket and U-Tapao (Pattaya). The return […]
Read more

Khao Lak Hotel Supply Continues To Expand

Category: Hotels, Posted:22 Oct 2020 | 06:00 am Despite the downturn of Covid-19, hotel investment confidence in Khao Lak remains positive in the long term. One sign of this is a newbuild Pullman-branded Khao Lak Resort Is set to open on 1st December. The 253-key beachfront hotel and villa property features a design by Martin Palleros of Tierra Design.  Palleros is the architect […]
Read more

Minor’s Bill Heinecke Speaks Out About Chinese Return

Category: Hotels, Posted:21 Oct 2020 | 11:40 am We had a candid conversation a few days ago with Minor International’s Founder and Chairman Bill Heinecke about Thai tourism. Two key takeaways from the conversation were: The Asian financial crisis of 1997 was a walk in the park compared to the damage to the Thai economy during Covid-19. Thailand must find a way to […]