Zecha buys Amanresorts for $300 million

George Sell By George Sell
20 December 2012 | Updated 20 December 2012

India: Ultra-luxury operator Amanresorts has been bought by its original founder, Adrian Zecha, for US$300 million.

Current owner DLF and Zecha issued a joint statement that they had a signed an agreement for a management buyout of Amanresorts by Zecha, the company's chairman. The transaction is expected to close in February 2013.

The deal does not include the 207-room Aman New Delhi, Lodhi Hotel, which DLF will retain. The deal gives Zecha a 100 per cent stake in Silverlink Resorts, the holding company for Amanresorts.

Amanresorts has resorts in Thailand, Bhutan, Cambodia, China, France, Greece, India, Indonesia, Laos, Montenegro, Morocco, the Philippines, Sri Lanka, Turkey, the Turks and Caicos Islands and the US.

www.amanresorts.com

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