DLF Looking to Sell Aman Resorts & It’s Stake in Hilton Group

Real Estate giant – DLF is in a selling spree. DLF purchased the AMAN RESORTS in 2007 by paying over US$ 400 million has confirmed its decision to sell the hotel chain, with the exception of the Aman Hotel in New Delhi. The company is also seeking to sell its real estate joint venture with the Hilton Group, and also number of plots that had been acquired for building hotels but not used subsequently.

So is DLF going through a cash-crunch or it’s feeling the heat for associating with Son-in-Law of the India’s First Family, Robert Vadra? Fashionscandal had posted earlier about DLF Hotel Holdings entering into a partnership with Sky Light Hospitality Pvt. Ltd., a company fully owned by Robert Vadra and his mother, Maureen Vadra. In 2008, Vadra acquired tracts of land in Haryana and Rajasthan, a 50% stake in a leading business hotel, Hilton Garden Inn  in DLF Place Mall in Saket, Delhi. Several of Vadra’s companies have received loans, some unsecured, from DLF group companies, including the flagship DLF Ltd

You can read the earlier posting here:

http://wp.me/p1C8a1-ol


2 thoughts on “DLF Looking to Sell Aman Resorts & It’s Stake in Hilton Group

  1. Anthead

    I think cash crunch might be it. All real estate companies seem to be bracing themselves for the inevitable burst of the real estate bubble here.

  2. satyawadi

    hey Jack………
    Lets see if you have the guts to post this:

    Robert Vadra ‘Gandhi’- How Sonia Gandhi’s Son in Law became India’s Fastest multi billionaire ?

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