NEWS| DLF buys the luxury Amanresorts

India’s largest real estate developer has bagged the Singapore based luxury hotel chain, Amanresorts.

Amanresorts owns 18 luxury resorts worldwide.

In the latest Zagat Survey, the group was ranked number one in the category of World’s Top Hotels, Resorts and Spas.

The deal has been reportedly struck for $250million (around Rs.1000 crore). Along with this DLF will also assume debt of $220 million which would be paid off from the future revenues of Aman resorts.

Editor: How long before we see DLF becoming the largest Indian Hotel Chain? Remember they have 75 hotels coming up. Ofcourse those are Hiltons, but could a DLF brand be getting prepared in the wings?

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