Luxury chain Amanresorts sold to management for $300 million

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.

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."

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 | 1 week ago

British Airways Boosts Loyalty Messaging to 'Reassure' Customers

After a turbulent few weeks, British Airways is attempting to regain control of the narrative. Improved customer messaging and additional status sweeteners should go some way to help.

Gordon Smith | 16 minutes ago

Hotels

LA Wildfires: Climate Change, Extreme Weather, and the Impact on Hotels

The travel industry needs to get ready: The LA wildfires are a reminder that climate change isn’t just an environmental issue.

Darin Graham | 2 hours ago

Airlines

Engine Shortage Forces Air New Zealand to Scrap Seoul Route, Again

With almost all of its new-generation aircraft impacted by maintenance or delivery snags, Air New Zealand has had a tougher time than most.

Gordon Smith | 6 hours ago

Online Travel

What Travel Brands Should Know About China's RedNote

As overseas travel rebounds and Chinese consumers increasingly seek out genuine travel tips and personalized recommendations, brands looking to engage this influential audience must understand what makes RedNote a powerful tool for modern travel marketing.

Liz Sinclair | 8 hours ago

First read is on us.

Luxury chain Amanresorts sold to management for $300 million

Skift Take

Up Next

How Data Quality Issues Impact Global Hospitality Operations

British Airways Boosts Loyalty Messaging to 'Reassure' Customers

LA Wildfires: Climate Change, Extreme Weather, and the Impact on Hotels

Engine Shortage Forces Air New Zealand to Scrap Seoul Route, Again

What Travel Brands Should Know About China's RedNote

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

First read is on us.

Luxury chain Amanresorts sold to management for $300 million

Skift Take

Up Next

How Data Quality Issues Impact Global Hospitality Operations

British Airways Boosts Loyalty Messaging to 'Reassure' Customers

LA Wildfires: Climate Change, Extreme Weather, and the Impact on Hotels

Engine Shortage Forces Air New Zealand to Scrap Seoul Route, Again

What Travel Brands Should Know About China's RedNote

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.