Quantcast
Rooms Hotels

Luxury chain Amanresorts sold to management for $300 million

Excerpt from Economic Times

Skift Take

Amanresorts is as luxury boutique as you get, and now that it is independent, it will likely be a better fit with its authentic, small, intimate image.

— Rafat Ali

DLF, India’s biggest property developer, will sell its Amanresorts luxury hotel chain in a management buy-out — to founder and chairman Adrian Zecha — with an enterprise value of around $300 million…the deal does not involve Amanresorts’ flagship New Delhi hotel.

Amanresorts, with assets including 22 hotels in 12 countries, has been on the block for around two years.

“DLF Global Hospitality Ltd (DGHL), 100% step-down subsidiary of DLF, and Adrian Zecha, the founder and chairman of the Amanresorts Group of luxury resorts, are pleased to announce the signing of a definitive agreement to effect Zecha’s Management Buy-Out (MBO) of DGHL’s 100 per cent shareholding in Silverlink Resorts Ltd, the holding company for Amanresorts.”

Read the Complete Story →

More Stories Below ▼
Ryanair Surprises Again With New Crew Uniforms That Have Class
The State of Travel Media 2015
Trend Report

The State of Travel Media 2015

St. Regis Hotels Invests in Long-Form Editorial for Its Digital Travel Magazine
Video: How Amsterdam is Rethinking Urban User Experience to Build the City of the Future

Video: How Amsterdam is Rethinking Urban User Experience to Build the City of the Future

Airbnb Says It Hosted a Record 17 Million Guests This Summer
The Vacation Rental Technology Ecosystem
Trend Report

The Vacation Rental Technology Ecosystem