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
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Phocuswright reveals the world's largest travel markets in volume in 2025
Cyclone in Sri Lanka had limited effect on tourism in contrary to media reports
Higher departure tax and visa cost, e-arrival card: Japan unleashes the fiscal weapon against tourists
Singapore to forbid entry to undesirable travelers with new no-boarding directive
In Italy, the Meloni government congratulates itself for its tourism achievements