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New Amanresorts, GHM & Ahn Luh Development (2014 Edition)

New Amanresorts, GHM & Ahn Luh Development (2014 Edition)

Old Feb 7, 2014, 10:49 pm
  #31  
 
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Amanjiwo is indeed one of the most fascinating Aman due the architecture, the location, the spirit of the property and the incredible GM Mark who is a passionated person. I tend to love Kila so much as well but always exciting to discover new Amans and quite happy I'll discover Amanoi in March but I can't wait to see Aman in Japan where i'm sure it will be amazing...

Originally Posted by bhrubin
We spent quite a bit of time with Audrey and Chef Molly. Fantastic people. indeed. Sally, too. Was our best Aman stay insofar as getting to know and absolutely loving the team, actually. But Amanjiwo remains my favorite Aman property thus far.

DYING to hear more about when Amanoca might open, since we are delaying our Brazil dive trip until we can include Amanoca!
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Old Feb 9, 2014, 6:22 am
  #32  
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Some kind of Aman deal announcement may be coming out this week, perhaps with a bit of irony of the non-dramatic and non-situational type.
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Old Feb 9, 2014, 2:22 pm
  #33  
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Originally Posted by GUWonder
Some kind of Aman deal announcement may be coming out this week, perhaps with a bit of irony of the non-dramatic and non-situational type.
official releases are out

http://www.streetinsider.com/Press+R...s/9141911.html

“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 Peak Hotels & Resorts Group
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.

Media:
Sard Verbinnen & CoPaul Scarpetta/Rene Soto, 212-687-8080
Trina Dingler Ebert, (65) 6883 2555
Source:
Peak Hotels & Resorts Group Ltd.
http://online.wsj.com/article/BT-CO-...09-700586.html
U.S.-based investor Peak Hotels & Resorts Group Ltd.
peak hotels anyone? set up to hold only aman? presumably a new backer for zecha, and hopefully paying a reasonable amount of cash, in addition to having access to financing. would be nice to know who owns aman, although all that matters is how they fund/run company.

ill quote from next DLF financials when theyre released.

Last edited by Kagehitokiri; Feb 9, 2014 at 3:03 pm
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Old Feb 9, 2014, 3:17 pm
  #34  
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So this is good news, right?
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Old Feb 9, 2014, 8:21 pm
  #35  
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http://www.dlf.in/dlf/wcm/connect/co...of_amanresorts

Originally Posted by Ericka
So this is good news, right?
good that the announcement does not name some giant mainstream company?

DLF owned 2007-2014, but they have been looking to sell for a long time >
sep 2009 http://www.flyertalk.com/forum/12413686-post879.html
apr 2010 http://www.flyertalk.com/forum/19806862-post225.html
may 2010 official http://www.flyertalk.com/forum/19766594-post210.html

if we never learn more than "Peak Hotels & Resorts" that is not really any information.
hopefully financing does not allow lenders to gain majority control like colony did.

Last edited by Kagehitokiri; Feb 10, 2014 at 4:55 pm
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Old Feb 10, 2014, 12:00 am
  #36  
 
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http://www.streetinsider.com/Press+R...s/9141911.html


"“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."

http://investing.businessweek.com/re...vcapId=9963708

Mr. Nader Tavakoli, J.D. founded EagleRock Capital Management, LLC and serves as Chief Investment Officer, Chairman, Chief Executive Officer Principal and General Partner. Mr. Tavakoli served as the Managing Director and Senior Portfolio Manager at Highbridge Capital Management LLC. He began his career in 1983 as an Attorney at Milbank, Tweed, Hadley & McCloy, where he represented institutional clients in many of the largest bankruptcies and restructurings in U.S. history. He managed high yield, special situation and event driven investment portfolios at Odyssey Partners and Cowen and Co. During his nearly 25 year investment career, Mr. Tavakoli has made substantial investments across numerous industries, including significant investments in financial services companies. He began his professional career as an attorney with the New York City law firm of Milbank, Tweed, Hadley and McCloy, where he primarily represented institutional clients in banking, litigation and corporate restructuring matters. He has been Co-Chairman of the Board at Ambac Financial Group, Inc., since May 1, 2013. He has been a Director of IC Media Holding Co. Ltd., MagnaChip Semiconductor Finance Company, Magnachip Semiconductor SA, MagnaChip Semiconductor Corporation and MagnaChip Semiconductor, Ltd. since November 2009. He served as Director of Nextwave Wireless Inc. and MF Global Holdings Ltd. He is a Governance Leadership Fellow of the National Association of Corporate Directors. He was Chair of the Montclair State University Foundation Board. In addition, he is actively involved with a number of other not-for-profit and philanthropic organizations. He holds B.A. in History from Montclair State University. Mr. Tavakoli holds a J.D. from the Rutgers University Law School, where he served as editor of The Rutgers Law Review.


http://www.linkedin.com/pub/nader-tavakoli/48/303/a88


http://investing.businessweek.com/re...vcapId=9963708

"Company Overview
EagleRock Capital Management, LLC is a privately owned hedge fund sponsor. The firm manages public equity portfolio and hedge funds for its clients. It invests in public equity, fixed income, and hedging markets of the United States. The firm invests in value stocks. It invests in distressed debt and high yield securities of companies which are undergoing bankruptcy, reorganization, or corporate restructuring. The firm employs long/short credit, long/short special situations equities, and capital structure arbitrage strategies to make its investments. EagleRock Capital Management was founded in 2001 and is based in New York, New York."
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Old Feb 10, 2014, 1:39 am
  #37  
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Originally Posted by Ericka
So this is good news, right?
For me personally it is.

Originally Posted by Kagehitokiri

peak hotels anyone? set up to hold only aman? presumably a new backer for zecha, and hopefully paying a reasonable amount of cash, in addition to having access to financing. would be nice to know who owns aman, although all that matters is how they fund/run company.

ill quote from next DLF financials when theyre released.
To the first question, yes -- rather familiar with what happened, including about provisions for staying at Aman.

To the latter question, it's more complicated than just that.

New backer of Zecha.

DLF doesn't know all the details about the buy side players, but Zecha was comfortable with his buy-side backers' funding ability and so was DLF satisfied.

Last edited by GUWonder; Feb 10, 2014 at 1:58 am
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Old Feb 10, 2014, 4:34 pm
  #38  
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chairman - so is eagle rock hedge fund involved? if they are, i hope their "distressed debt" aspect is not part of interest in aman. seems like debt has always been aman's problem.

Originally Posted by GUWonder
For me personally it is.

provisions for staying at Aman.

New backer of Zecha.

buy side players
are there any players we can look up?

when i said new backer, i meant from the point when DLF announced sale to "zecha" in dec 2012, that did not close, and media rumors said zecha had equity backers but could not get financing

hope any 'stay free at aman' is not over used

random, just noticed - Sydney Children's Hospital Foundation 2012-2013 annual report >
http://www.schf.org.au/Asset/AnnualR...1213_Final.pdf
amanresorts, hyatt, anantara "provided us gifts and services in kind" (page 52 of pdf)

Last edited by Kagehitokiri; Feb 12, 2014 at 6:01 pm
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Old Feb 10, 2014, 6:32 pm
  #39  
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Originally Posted by Kagehitokiri
are there any players we can look up?

when i said new backer, i meant from the point when DLF announced sale to "zecha" in dec 2012, that did not close, and media rumors said zecha had equity backers but could not get financing
Yes, and I meant new in the way you meant new backer.

I have to find out what, if anything, additional details I'm able and willing to mention about the buy-side. What I have on hand made it very easy for me to look up plenty more, even via basic searches available in the public domain.
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Old Feb 11, 2014, 3:16 pm
  #40  
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Originally Posted by GUWonder
Yes, and I meant new in the way you meant new backer.

I have to find out what, if anything, additional details I'm able and willing to mention about the buy-side. What I have on hand made it very easy for me to look up plenty more, even via basic searches available in the public domain.
is there anything public yet besides Peak Hotels & Resorts and chairman? ive not done a lot of searching yet.

Last edited by Kagehitokiri; Feb 12, 2014 at 11:46 am
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Old Feb 12, 2014, 11:31 am
  #41  
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re some comments elsewhere that are similar to after dec 2012 announcement - zecha is not owner. we dont know anything about new owner. we dont know if they may make changes that DLF did not. we dont know who their lender(s) are, if they might have opportunity to act like colony in future, when colony led to zecha leaving aman.

going back to press release >
Aman Resorts Group Ltd., a joint venture between Peak Hotels & Resorts and Amanresorts founder Adrian Zecha
Nader Tavakoli, Chairman of Aman Resorts Group Ltd
Zecha will continue as Chairman of Amanresorts

A private investor group led by Peak Hotels & Resorts Group Ltd.

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.
capital expenditure on hard product is almost always good
JV sounds better than nothing/before, but may not mean much

from gallivanters twiter >
http://www.luxurytraveladvisor.com/f...n-new-gm-12094
Andrew Thomson just left aman..
Managing Director - Europe, Africa & Bhutan (and Director of Operations?)
http://sg.linkedin.com/pub/andrew-thomson/16/395/662
As General Manager with the prestigious Regent International Hotels group Andrew was responsible for project management and the openings of the Regent of Sydney ( Four Seasons ) in Australia, the Halekulani Hotel in Hawaii, the Regent of Auckland in New Zealand, the Regent of Fiji and the development and management of the Denarau Island Resort in Fiji.

Last edited by Kagehitokiri; Mar 20, 2014 at 9:57 am
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Old Feb 19, 2014, 4:29 am
  #42  
 
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http://www.poslovnipuls.com/2014/02/...ickog-resorta/

Google Translate
"In Cavtat for 15 days and finally arrives machinery moving construction luxury Amanresorta the site of the former Hotel Macedonia . Hard to Vezjak Joseph , director of Bonvena Hotels , which in conjunction with the global chain has 29.5 million euro project ...

Cavtat Amanresort last June pompously presented to the public . More than a thousand euros will cost the night in one of the 30 super-luxurious rooms and 10 suites , said representatives of investors and announced the completion of construction in May of 2014. year . However , despite announcements , last autumn have not started work , and by Konavli the rumors : " The project Amanresort in Cavtat, no nothing. "

To be abandoned construction claims and one reader Dubrovnik prophet who says that the new proposal Urban Development Plan ( UDP ) Cavtat with Zvekovica " one , with the help and blessing Konavle requested the conversion of the building and the land of the former Hotel Macedonia in a residential area " Slobodna Dalmacija daily writes .

" UPU Cavtat has not yet been adopted , but any conversion or modifications concerning this zone no . Thus, the real estate is located in the M1 zone , she was always such as the one near the building, and the new proposal is nothing has changed . Nobody asked for redevelopment , nor will it happen . All other calculations ; fabricated stories . What will investors do and when , I do not know , "says Bozo Lasic , Deputy Chief Konavle .

Profession says : M1 is mixed, mainly residential zone where possible and business activities that do not interfere with housing . Lasić notes that investors are Amanaresorta get a building permit and Konavle paid municipal contribution , therefore sees no reason to delay the work and any redevelopment .

The main investors in the construction of five-star hotels are Croatian investors from Cavtat Hotels Bonvena society , in whose administration with Vezjak , a former water polo player Maro Balic and small hotelier Jaksa Ivaniš , and their business partner , a Greek businessman Petros Stathis . In the media, it is mentioned as a majority shareholder in the Aman Sveti Stefan , Venice , New York and San Marino , writes on Easter."

Considering the facts from above, Aman Cavtat will hardly open before 2016...
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Old Feb 23, 2014, 10:52 pm
  #43  
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As sort-of promised, I wandered around the entire area where Aman Tokyo is going in but I didn't bring the exact location and forgot what building it was in. No matter, the exterior construction is clearly done -- all the buildings in the area are open and functional. So the opening date would now be up to the interior work which means it could be ready by June.

Edited to add: Someone told me there had been a recent change in GM for this hotel, but no specifics beyond that.

Last edited by RichardInSF; Feb 24, 2014 at 6:31 pm
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Old Feb 27, 2014, 11:23 am
  #44  
 
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Originally Posted by Kagehitokiri
re some comments elsewhere that are similar to after dec 2012 announcement - zecha is not owner. we dont know anything about new owner. we dont know if they may make changes that DLF did not. we dont know who their lender(s) are, if they might have opportunity to act like colony in future, when colony led to zecha leaving aman.

going back to press release >


capital expenditure on hard product is almost always good
JV sounds better than nothing/before, but may not mean much

from gallivanters twiter >
http://www.luxurytraveladvisor.com/f...n-new-gm-12094
Andrew Thomson just left aman..
Managing Director - Europe, Africa & Bhutan (and Director of Operations?)
http://sg.linkedin.com/pub/andrew-thomson/16/395/662
I don't know if this is true, but rumour has it that Omar Amanat's Peak Ventures could not come up with the money to buy back Aman, so asked Russian billionaire, Vladimir (or Vladislav) Doronin to help him out with $300 million.
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Old Feb 27, 2014, 1:36 pm
  #45  
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Dolphin jumping in!

Interestingly Gallivanter's Guide is tweeting, that Amanheli owner Dolphin Capital is in close talks about aquiring a share in Amanresorts:
https://twitter.com/Gallivanters/sta...65971393564672
The linked article also quotes, that Amankea is still in the planning:
http://www.ekathimerini.com/4dcgi/_w...02/2014_537626
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