Yes, Kage, Aman are invariably behind because they (or rather Adrian) demand an extremely high spec., and most owners/governments just do not appreciate why this extreme level of finish is required.

The guests of course do understand and that is why Aman is so revered at the high-end.

I have over the years seen numerous projects fold half way through because Adrian would not compromise and I am on his side, because when he does it, he does it right (apart from a couple of resort like Amanwalla!).

He is probably the only hotelier who is prepared to walk away from a project rather than compromise, so I havfe no idea whether the Aman/GHM projects will flourish or not. Adrian is only chairman of GHM and is less passionate about their projects. The two companies are remarkably separated, so even if Sveti Stefan folds, the GHM could continue, but I cannot imagine Aman holding onto Milocer without Sveti Stefan......even they have some grasp of financial management!