FlyerTalk Forums - Amanresorts Thread 2012 (Started by Amanjunkie)

Quote:

Originally Posted by vuittonsofstyle (Post 19806456)

Well, I do hope you are right. I, too, still think that Barry would find it hard not to meddle. Let's hope AZ's Indonesian consortium wins the day.

there is no (longer) indonesian consortium..

http://www.forbes.com/global/2000/03...46a_print.html
so zecha dropped to 6.3% indirect stake in 1993? wow. 4-6 years after starting aman.
does the debt that DLF assumed go all the way back to vaturi? and not all property ownership?

http://robbreport.com/Article.aspx?pid=4142

Quote:

Zecha...tells me..."So often in life when something succeeds, people speak of their ‘vision,’ as if everything had happened according to a grand strategy. But much of what happened here was luck."

considering ownership situation, pure luck it would seem.

going back to post 210 http://www.flyertalk.com/forum/19766594-post210.html
they were definitely selling in apr 2010 timeframe, although not on the record
http://articles.economictimes.indiat...i-adrian-zecha

Quote:

DLF owns 97% in Aman Resorts and its founder Adrian Zecha the rest. The company is looking at an enterprise value of $600 million or Rs 2,700 crore, said the official. It is open to selling the entire stake

"DLF had given time till February 2010 to Mr Zecha to bring a strategic partner or financial investors, but this did not materialise within the stipulated time. Now, the company has itself initiated the process of divestment,"

so they had told zecha to find JV or they will, and zecha didnt.
and that would fit with fall 2009 rumors etc, thats when they gave zecha the deadline.

http://www.telegraphindia.com/107112...ry_8606464.asp
hmm >

Quote:

DLF Ltd, India’s largest property developer, plans to raise its stake in Silverlink — the holding firm for global luxury resorts chain Aman Resorts — to almost 100 per cent.

DLF, which has already taken a majority stake in Silverlink, “will buy out other shareholders within a month or so”, said sources close to the deal.

Negotiations are under way with other partners in Silverlink to buy out their holdings.

The KP Singh-owned DLF has already bought the stake that Lee Hing Development — a Hong Kong-based property fund — held in Silverlink.

The deal is valued at $400 million but this includes an assumed debt of $150 million. The actual value of the shareholding is estimated at $250 million.

Sources said the $150 million debt would be assumed by DLF and Aman would not have any debts on its books.

They said Adrian Zecha, founder and chairman of Aman Resorts, would retain just a minority stake in the business after DLF completes its buyout.

i seem to recall some of this in DLF docs, in terms of increasing equity.
but this says transaction was for lee hing majority. (>vaturi>colony>vaturi)
regardless of what transaction said re debt, im pretty sure they are selling aman with debt.
but not positive re any of this?

Quote:

Originally Posted by vuittonsofstyle (Post 19799509)

But this does not contradict the idea that Starwood Capital leads the bidding race for Aman, does it.

(i have been tracking and posting on the record quotes from DLF execs.)
(the race has been over and they have been in negotiations, due diligence, etc. thats official.)

this is no different from the years of anonymously sourced "news" articles.
of the many mentioned, only one company went on record as bidding.
note the 3rd and 4th tweets specifically >

Quote:

Originally Posted by Kagehitokiri (Post 18875392)

going back to indian media (and govt) right from current aman/DLF reporter herself >

https://twitter.com/NayantaraRai/sta...25706916294656
Cant stop laughing!! Overseas Affairs Min Vayalar Ravi says s&p, fitch downgrades part of an international conspiracy by 3 NRI businessmen

https://twitter.com/NayantaraRai/sta...28952212066304
@jeffglekin I cracked up when I read the conspiracy theory in saturday's indian express. Vayalar Ravi should have a show on comedy central

https://twitter.com/swarajsb/status/217520527110189056
"@shubHASHISH: Now tell me do you believe when the business channel flashed RIL news quoting "sources" do you believe them? RT @NayantaraRai

https://twitter.com/NayantaraRai/sta...22432741875713
@swarajsb well in this case I do, because its my story!! Hahahaha

some more history >

Quote:

Aman also used to manage the Manor Hotel, located in a posh south Delhi locality but this hotel does not figure in the deal with DLF and will continue to be run and owned by Manmohan Singh, a former captain of the Delhi Golf Club.

Singh, told The Telegraph, “I plan to run the hotel myself.” He said Purnendu Chatterjee, who earlier held an equal stake in the hotel, had sold out to him and the hotel was now entirely under his control.

worst case, independently owned aman can self manage.
there are good owners like canyon equity and dolphin capital.
who owns GHM?
ahn lu is presumably owned by Beijing Tourism Group and Great Ocean Group (maybe involved in chinese aman?)

***

http://www.nxtbook.com/nxtbooks/virt...20120506/#/100
some good pics, maybe some details
ignore the part about 2 nt boat (charter - $20K?) to wana :rolleyes:
edit - scratch that, pics look like official from aman site, although maybe some recent additions

http://www.nandanavilla.com/press/robb-report/

Quote:

During the con- struction of Nandana, the owners visited Aman-i-Khás, a luxury wilderness camp in Rajasthan, India.They were so taken with the romance of the Amanresorts property’s canopied suites that they decided to build one of their own. (The owners were also taken with Nazia and Vinay Puhl, a young couple on staff at the resort, who now serve as in-house masseuse and guest- services manager at Nandana.)

http://www.justluxe.com/travel/spa/feature-1838138.php

Quote:

Only the resort group known to get U.S. Congressional approval (for the Aman in Page, Arizona), Chinese Communist party signatures (for the Aman in Beijing's Summer Palace), and deeds for decommissioned Forts (for the Aman in Galle, Sri Lanka), would attempt to become the first foreign entity allowed to set up a joint venture in the Kingdom of Bhutan.