LVMH All Set to Acquire Aman Resorts from DLF

On 25th August 2011 brought you the news that DLF is planning to sell off Aman Resorts minus the Aman Hotel in Delhi to the Malaysian Goverment. You can read the earlier post here:

However the latest development states that LVMH is most likely to acquire Amanresorts International Pte from DLF Ltd. that owns and manages 25 small luxury resorts worldwide. DLF is seeking to raise as much as US$ 2.2 billion through asset sales to repay debt, according to its latest annual report. 

LVMH announced in April 2010 of its plans to foray into luxury property developments on islands in Oman and Egypt under the Cheval Blanc brand. The first Maison du Cheval Blanc hotel was built by LVMH Chairman Bernard Arnault at the French ski resort of Courchevel in 2006. The buying out of Amanresorts International Pte. is part of LVMH’s growth plan. DLF, which acquired Aman Resorts in 2007 for $400 million has got offers from bidders that range from $400 million to $450 million.

DLF is retaining the Aman Hotel in New Delhi. However DLF cannot continue with the name ‘Aman’ post the sell-out. Sources say that the luxury hotel would be rechristianed as Lodi Hotel.

2 Replies to “LVMH All Set to Acquire Aman Resorts from DLF”

  1. amandlf says:

    Read your articles on PZ in the last few days and agree she is dangerous. Did not make much of it until I read her TOI release today with the last line and got the picture totally!

    You are so right the woman is not making any movie but is ultra busy buying herself a friendship award so she can justify her acts of chasing married/committed guys or stalking ex boyfriends to create discord in their life or poach on them hunting for them virtually using location trackers through her various websites and then even really.

  2. Robert says:

    It’s difficult to find knowledgeable people on this field, however you sound like you know what you’re talking about! Appreciate it!

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