TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

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

Zecha Out As Aman CEO And Chairman

Category: Hotels, Posted:05 May 2014 | 06:00 am

Legendary luxury hotelier Adrian Zecha has stepped down from his role as Aman Resorts Chairman and CEO according to Hotels Magazine.
Controlling ownership of Aman shifted recently from India's DLF Group who divested their interest at a substantial loss to a group under Russian investor Vladislav Doronin.
Doronin has taken the role as Aman's CEO and the new Chairman is Johan Eliasch.
It's yet to be seen what other changes will take place at Aman, though industry speculation is high that a shift to a more commercial approach to their hotel portfolio will be necessary to reach their investor's financial objectives.
Zecha continues to be active behind the scenes in Singapore based management group GHM which has recently been on an expansion drive signing new contracts in a defined shift towards a more commoditized approach.
GHM has been driving their Chedi brand on a broader basis, not unlike the current Six Senses approach back of private equity firm Pegasus who are clearly looking to increase both management fee income and in turn financial returns.
For Aman, the question remains on what is largely premised as a real estate brand whether the absence of Zecha will affect the loyal Aman junkie customer base, or will be brand's journey to an economic model be manageable by new leadership.
Stay tuned.

Other News

Read more

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 […]
Read more

Noku Hotels Open Fourth Hotel, This Time It’s Phuket

Category: Hotels, Posted:10 Sep 2022 | 21:07 pm Boutique hotel group Noku has opened its fourth property, with Phuket as its latest destination. The Noku Phuket features 91 villas and lofts, overlooking Chalong Bay. Its sustainable design has earned it a Green Mark Gold Award. The group also operates properties in Maldives, Kyoto, and Osaka. Noku Hotels was founded by  Chris Teo of […]
Read more

Radisson Re-Enters Phuket Hotel Market

Category: Hotels|Real estate, Posted:10 Sep 2022 | 13:49 pm Global brand Radisson has returned to Phuket with a 179-key property in Kamala, owned by the Destination Group. The Radisson Resort and Suites Phuket is a conversion of the former Swissotel, which had been managed by ACCOR. It is an all-suite property with one, two and three bedroom units. Nearby the hotel, the large-scale tourism […]
SiaJai logo

Thailand's Leading Homecare Marketplace