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Posted: 10 Feb 2014 | 10:01 am
Leading global luxury chain Aman is expected to trade this week to a joint venture company composed of Peak Resorts and Adrian Zecha.
According to a media report in the Economic Times the existing owner India's DLF is selling at a total value of USD360 million which includes USD70 million in debt, so a net figure of USD290 million.
Peak Resorts is controllers by American Omar Amanat who is the entrepreneur being online trading enterprise Tradescape. He is also a significant investor in the Hollywood entertainment industry.
Aman currently are on the expansion trail fueled by a number of new hospitality led residential additions to their existing resorts with the latest being a new phase of villas for sale at Bali's Amanusa.
A column featuring environmental issues and conservation around the island. Click here for more Green Reports check out the latest story from the leading experts:
The media is reporting that environmental advocates are voicing concerns about a proposed coal port and power plant in nearby Krabi.
A green building showcase will be held at Homeworks Phuket from February 26th to March 27th.
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