DLF to acquire controlling stake in Aman Resorts

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New Delhi, Nov 27 (UNI) Realty major DLF Ltd today said it has entered into a definitive agreement with owner of Aman Resorts to acquire controlling interest in the group.

DLF and Adrian Zecha, founder of Aman Resorts, will hold equal stakes in the company that is valued at 400 million dollars, DLF said in a statement.

The deal also includes debt of about 150 million dollars.

Aman Resorts, world's leading hospitality and lifestyle business, currently owns and operates 22 luxury hotels, many with residences, in 12 countries.

''We are delighted at this unique opportunity to become a partner in one of the world's leading hospitality&lifestyle brands. We look forward to working closely with the founders and management of this business to further enhance its leadership position in the industry,'' DLF's Vice Chairman Mr Rajiv Singh said.

Overseas Hotels Ltd, a subsidiary of the company is making the investment.

UNI

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