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Zecha Buys Back Aman Resorts

Category: Hotels, Posted:20 Dec 2012 | 08:07 am

In one of the most captivating hotel deals in recent times, the saga over the sale of the luxury chain of Aman Resorts has ended back where it began.
Indian owning company DLF hassold the group which has 22 hotels including assets for USD300 million.
The sale excludes the New Delhi property and has a closing date of February 2013 for the completion of the transaction.
DLF which is focused on real estate will use the proceeds to pay down debt. They have acquired the chain for USD400 million so this transaction represents a significant write down.
There is considerable speculation as to who is backing Zecha on the acquisition, which has the industry buzzing.

Other News

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Manic Monday. No Rain, No Rainbows

Category: Tourism, Posted:20 Sep 2021 | 14:24 pm Rainy days and Mondays are no reason to get down. We have three new Thai Road Trip episodes from C9 Hotelworks and our friends at Delivering Asia Communications for you. Have a seat, throw the umbrella out the window and take a look now. INSIDE STORY Bill Heinecke’s Phuket Resort Home Phuket Hotel Insight – […]
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After The Sandbox – Phuket Hotels Ask What’s Next?

Category: Hotels, Posted:16 Sep 2021 | 09:37 am The resort island of Phuket’s proof of concept Sandbox advantage looks to dramatically change come October. Since the first of July island hotels have experienced considerably higher occupancy levels and much-needed revenue from international arrivals. This has been Sandbox generated, and travelers, not necessarily tourists. Bangkokians fleeing the red zone situation have also aided in […]
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Remembering Florian Hallermann

Category: Hotels, Posted:16 Sep 2021 | 08:56 am We’d like to take a moment to remember Zeavola General Manager Florian Hallermann. Florian tragically died in a hiking accident in Ko Phi Phi. He was a familiar face in Greater Phuket hospitality circles for many years and well-loved in Ko Phi Phi, which was his last posting. Looking back at the start of our […]