Feb 10, 2014 at 09:50 | Source: Moneycontrol.com
In a statement, DLF said its subsidiary, DLF Global Hospitality Ltd, has completed the sale of entire 100 percent stake in Silverlink Resorts, which owns Amanresorts, to Aman Resorts Group Ltd for "an enterprise value of USD 358 million."
Feb 10, 2014 at 08:43 | Source: Moneycontrol.com
The deal excludes the iconic Lodhi Hotel in Delhi which will remain a part of DLF. The move will help the real estate company trim its net debt and exit from non-core businesses.
Feb 10, 2014 at 08:38 | Source: Moneycontrol.com
DLF GLOBAL HOSPITALITY a 100 percent step down subsidiary of DLF has completed the sale of 100 percent equity stake in Silverlink Resorts the owner of Amanresorts to Aman Resorts Group a Joint Venture between Peak Hotels & Resorts Group and Mr. Adrian Zecha, the founder of Amanresorts for an Enterprise Value of USD 358 million.
Aug 01, 2013 at 10:54 | Source: CNBC-TV18
In an interview to CNBC-TV18, Ashok Tyagi, chief financial officer, DLF says this, however, does not mean that the deal with Adrain Zecha, who is the owner and founder of the hotel chain, has fallen through.
Jul 26, 2013 at 15:43 | Source: CNBC-TV18
Founder of Aman Resorts Adrian Zecha was supposed to buy the resort. But he was unable to gather enough funds for the management buyout
Apr 05, 2013 at 22:52 | Source: CNBC-TV18
Realty major, DLF's debt reduction via non-core asset sale has hit rough weather. Sources say the deal closure of the USD 300 million sale of the super luxury hospitality chain Aman Resorts has been delayed to now end in June.
Dec 19, 2012 at 10:46 | Source: PTI
Realty major DLF said it has signed an agreement to sell luxury hotel chain Amanresorts to the hospitality property's founder and Chairman Adrian Zecha for about USD 300 million (over Rs 1,600 crore).
Nov 28, 2007 at 08:42 | Source: Business Line
DLF Ltd would partner with Founder and Chairman of Singapore-headquartered Aman Resorts, Mr Adrian Zecha, to acquire a controlling stake in the luxury resort chain. The deal has an enterprise value of $400 million with an assumed debt of about $150 million.