Peak Hotels Venture Pays $358M For Amanresorts Stake

Law360, New York (February 10, 2014, 1:37 PM EST) -- A joint venture led by Peak Hotels & Resorts Group Ltd. and the management of luxury hotel group Amanresorts International has struck a deal to purchase Amanresorts from the hotel arm of India's DLF Ltd. for $358 million, they announced Monday.

Per the deal, Peak Hotels and Amanresorts founder Adrian Zecha are snapping up the equity of Amanresorts' shell owner Silverlink Resorts Ltd. from DLF Global Hospitality Ltd. On top of the purchase price, the investor-backed group — operating as Aman Resorts Group Ltd. — has...
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