Singapore – February 10th, 2014 – A private investor group led by Peak Hotels & Resorts Group Ltd. today announced that it has completed the acquisition of Amanresorts, the world’s premier international luxury hotel group, from DLF Global Hospitality Ltd. Under the terms of the transaction, Aman Resorts Group Ltd., a joint venture between Peak Hotels & Resorts and Amanresorts founder Adrian Zecha, has acquired 100% of the equity of Silverlink Resorts Ltd., the owner of Amanresorts, for an enterprise value of approximately US $358 million. Zecha will continue as Chairman of Amanresorts.
In addition to the purchase price, the partners of Aman Resorts Group Ltd. have committed to a substantial capital reserve account to immediately make investments in existing and new properties.
Founded in 1988, Amanresorts operates 26 premier properties under the Aman brand in 18 countries. Each of its one-of-a-kind properties features locally-sourced materials, reflecting the resort’s natural surroundings and the traditions of local cultures in Phuket, Bhutan, Cambodia, China, France, Greece, French Polynesia, India, Indonesia, Italy, Laos, Montenegro, Morocco, Philippines, Sri Lanka, Turkey, Turks & Caicos Islands, USA and Vietnam.
“Amanresorts is peerless in luxury and high-end hospitality,” said Nader Tavakoli, Chairman of Aman Resorts Group Ltd. “We are committed to building on and expanding Amanresorts’ established global brand, reputation for unparalleled guest service, and commitment to the local communities where we operate. We look forward to investing in and heightening awareness of existing properties, acquiring and developing new properties and, ultimately, realizing the significant growth potential of this best-in-class business as we continue to deliver superior, unforgettable experiences to guests worldwide.”
“I am delighted to partner with Peak Hotels & Resorts, who not only share my vision for Aman’s future growth but are absolutely committed to sustaining our company’s reputation for many decades to come,” said Adrian Zecha.
About Amanresorts: The first Amanresorts property, Amanpuri, opened in January 1988 in Phuket, Thailand. Adrian Zecha envisioned a group of intimate retreats in beautiful surroundings with discreet service and the unassuming, warm hospitality of a gracious residence. Today Amanresorts has grown to encompass 26 of the world’s most beautifully designed resorts in 18 countries, including the recently opened Aman Venice and Aman Vietnam, and has garnered more than 2,000 awards and accolades.
Peak Hotels & Resorts is an investor in the luxury hospitality industry. It pursues investments globally in sustainable, socially responsible luxury brands in partnership with seasoned management teams.