Ultra luxury Amanresorts close to finalizing sale for $350 million

Skift Take

Ultra luxury hotel business is booming, but parent DLF is divesting non-core assets to focus only on real estate, and hence this sale.

India's biggest real estate firm DLF is in advance stage of discussion to sell the ultra trendy and luxury hospitality business Amanresorts for around $350 million and the deal may be finalised next month.

DLF bought controlling stake in Amanresorts for $400 million in 2007. It has now 100 per cent stake in the hospitality chain that has about 25 resorts across the world. The company has put Amanresorts on block for sale except its property at Lodhi Road in New Delhi.

BusinessToday: China-based HNA Group, which has interests in tourism, transportation, financial services, real estate, airport and logistics, and a US-based private equity company are jointly negotiating the deal.

Up Next

Hotels

How Data Quality Issues Impact Global Hospitality Operations

There are wide discrepancies in data quality for hotel transactions across global regions, with the largest occurring in Asia-Pacific. Because hotels and agencies need to harness data quality to thrive, they must take a more nuanced regional approach to monitoring potential issues.

Onyx CenterSource + Skift | 4 weeks ago

The White Lotus Effect Could Be a Disaster for Thailand's Koh Samui - And Travel Media Is Making it Worse

It is disheartening to see the same publications that have previously reported on the perils of overtourism now behaving like golden retrievers chasing a tennis ball, sprinting after the hype with little critical reflection.

Colin Nagy | 16 hours ago

Startups

Travel Startups Raise $580 Million Over Two Weeks

The ticket experiences sector has been ripe for modernization, and Klook is among those cashing in.

Justin Dawes | 1 day ago

A file image of a passport and airline boarding pass.

Airlines

Tariffs and Travel: What Trump’s Trade Moves Could Mean for Airlines

President Trump’s proposed tariffs on aluminum and steel imports could have ripple effects on the aviation industry — and eventually result in passengers footing the bill.

Krystin Arneson | 1 day ago

Hotels

Accor CEO: Opening Hotels in Mykonos Too Risky due to Climate Change

When a major hotel group like Accor decides not to build in Mykonos because of climate risks, it's a sign that climate change is reshaping business decisions.

Darin Graham | 2 days ago

First read is on us.

Ultra luxury Amanresorts close to finalizing sale for $350 million

Skift Take

Up Next

How Data Quality Issues Impact Global Hospitality Operations

The White Lotus Effect Could Be a Disaster for Thailand's Koh Samui - And Travel Media Is Making it Worse

Travel Startups Raise $580 Million Over Two Weeks

Tariffs and Travel: What Trump’s Trade Moves Could Mean for Airlines

Accor CEO: Opening Hotels in Mykonos Too Risky due to Climate Change

First read is on us.
Subscribe to read more essential travel industry news.

First read is on us.

Ultra luxury Amanresorts close to finalizing sale for $350 million

Skift Take

Up Next

How Data Quality Issues Impact Global Hospitality Operations

The White Lotus Effect Could Be a Disaster for Thailand's Koh Samui - And Travel Media Is Making it Worse

Travel Startups Raise $580 Million Over Two Weeks

Tariffs and Travel: What Trump’s Trade Moves Could Mean for Airlines

Accor CEO: Opening Hotels in Mykonos Too Risky due to Climate Change

First read is on us.Subscribe to read more essential travel industry news.

First read is on us.
Subscribe to read more essential travel industry news.