Aman Resorts could be sold to Malaysia’s Government
India’s largest real estate company DLF, has confirmed its decision to sell its luxury hotel chain Aman Resorts, with the exception of Aman Hotel New Delhi, according to reports. 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.
DFL was hit by the economic which started in the middle of 2008. According to reports, the company is also seeking to sell its real estate joint venture with the Hilton Group.