Aman Resorts, the chain of luxury resorts owned by DLF may be sold for more than $400 million, according to the sources. DLF is seeking a buyer for Aman, whose guests have included celebrities such as David and Victoria Beckham, and may have asked Goldman Sachs Group Inc. and Citigroup Inc. to find a strategic partner, the newspaper said.
Sources say Aman Resorts will be sold with the exception of Aman Hotel New Delhi.
DFL appointed Goldman Sachs as an advisor for the sale of the luxury hotel chain it acquired in November 2007 for $400 million.
According to reports, Khazanah – the investment holding arm of the government of Malaysia, has expressed an interest in acquiring the group in a deal that is thought to be valued between US$300 – US$350 million.
According to reports, the company is also seeking to sell its real estate joint venture with the Hilton Group.
A senior executive revealed, “DLF has decided to exit from the non-core businesses and focus on real estate development, including residential, commercial and retail. Since hotels are not a core business for DLF, it is looking at various options for Aman Resorts.”
