Find our most recent stories tagged by their locations. Click here for more story locations.
Posted: 05 May 2014 | 6:00 am
Legendary luxury hotelier Adrian Zecha has stepped down from his role as Aman Resorts Chairman and CEO according to Hotels Magazine.
Controlling ownership of Aman shifted recently from India's DLF Group who divested their interest at a substantial loss to a group under Russian investor Vladislav Doronin.
Doronin has taken the role as Aman's CEO and the new Chairman is Johan Eliasch.
It's yet to be seen what other changes will take place at Aman, though industry speculation is high that a shift to a more commercial approach to their hotel portfolio will be necessary to reach their investor's financial objectives.
Zecha continues to be active behind the scenes in Singapore based management group GHM which has recently been on an expansion drive signing new contracts in a defined shift towards a more commoditized approach.
GHM has been driving their Chedi brand on a broader basis, not unlike the current Six Senses approach back of private equity firm Pegasus who are clearly looking to increase both management fee income and in turn financial returns.
For Aman, the question remains on what is largely premised as a real estate brand whether the absence of Zecha will affect the loyal Aman junkie customer base, or will be brand's journey to an economic model be manageable by new leadership.
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:
As the drive for micro homes or mini dwellings continues often using recycled restructure a new venture in Vancouver Canada is providing an after-market storage solution.
One Phuket sustainable initiative that often is overlooked in the island's Big Tree Club.
Library of published hospitality, tourism and property market intelligence.
Phuket property portal FazWaz meets developers
PHUKET GAZETTENew Chapter For Vietnam Property
PROPERTY REPORT SOUTH EAST ASIAThe Horse You Have To Ride