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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:
National airline carrier Thai Airways International has banned shark fin products for its air cargo network.
Local opposition to the planned Dolphinarium in Chalong is mounting both locally and abroad.
Library of published hospitality, tourism and property market intelligence.
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