United Kingdom
United States
Asia Pacific
Banyan to bid for Amanresorts?
Singaporean luxury resorts chain Banyan Tree is in talks on buying a majority stake in fellow high-end hotel group Amanresorts, India’s Financial Express newspaper reported.
The daily quoted a person familiar with the matter as saying that DLF, the Indian real estate firm that owns Aman, was in advanced talks to sell most of the business for about US$350 million.
Banyan Tree has a range of interests, from hotels and resorts to spas, shopping centres and golf courses.
The newspaper said DLF, India’s largest real estate group, was seeking to sell a “controlling stake” in the group as part of a plan to cut its debt in the wake of the global downturn in the real estate market.
It bought Aman for US$400 million in 2007.
Amanresorts owns and manages 24 small luxury resorts in countries including Thailand, Bhutan, Cambodia, China, France, Morocco and the United States.
Ian Jarrett
Tony from Gatto’s Pizza on Columbus’s Unique Pizza Trail
Sophia Hyder Hock on Global Social Inclusion in Tourism
Sustainable Tourism: Don Welsh on Community Values and Global Collaboration
Jane Cunningham: Enhancing European Engagement in Tourism
Kristin Dunne: Navigating Destination Strategy
Revolutionizing Mobile Connectivity: Boris Bijlstra on HUBBY eSIM
Capturing Glasgow’s Vibrancy: An Interview with Susan Deighan, Chief Executive of Glasgow Life
Lebua Hotel & Resorts: Rajan Khurana on Hospitality and Bangkok’s Charms
Sustainable Tourism and Growth: Insights from Chiravadee Khunsub from Tourism Authority of Thailand
Revolutionizing Travel: SmartSIM USA’s Dale Takio Unveils the Power of E Sims
TravelMole Interview with Hishan Singhawansa, Deputy CEO of Cinnamon Hotels & Resorts, Sri Lanka
Unveiling the Essence of Magari Tours: A Dive into Authentic Italian Experiences
EU airports bring back 100ml liquid rule
CLIA: Anti-cruise demos could cause itinerary changes in Europe
Co-pilot faints, easyJet flight issues ‘red alert’
Dozens fall ill in P&O Cruises ship outbreak
Woman dies after getting ‘entangled’ in baggage carousel