Peak Hotels & Resorts Group Partners with Amanresorts Founder Adrian Zecha to Acquire Amanresorts

  Peak Hotels & Resorts Group Partners with Amanresorts Founder Adrian Zecha
  to Acquire Amanresorts

      Investor Group to Expand Premier International Luxury Hotel Brand

Business Wire

SINGAPORE -- February 9, 2014

A private investor group led by Peak Hotels & Resorts Group Ltd. today
announced that it has completed the acquisition of Amanresorts, the world’s
premier international luxury hotel group, from DLF Global Hospitality Ltd.
Under the terms of the transaction, Aman Resorts Group Ltd., a joint venture
between Peak Hotels & Resorts and Amanresorts founder Adrian Zecha, has
acquired 100% of the equity of Silverlink Resorts Ltd., the owner of
Amanresorts, for an enterprise value of approximately US $358 million. Zecha
will continue as Chairman of Amanresorts.

In addition to the purchase price, the partners of Aman Resorts Group Ltd.
have committed to a substantial capital reserve account to immediately make
investments in existing and new properties.

Founded in 1988, Amanresorts operates 26 premier properties under the Aman
brand in 18 countries. Each of its one-of-a-kind properties features
locally-sourced materials, reflecting the resort’s natural surroundings and
the traditions of local cultures in Phuket, Bhutan, Cambodia, China, France,
Greece, French Polynesia, India, Indonesia, Italy, Laos, Montenegro, Morocco,
Philippines, Sri Lanka, Turkey, Turks & Caicos Islands, USA and Vietnam.

“Amanresorts is peerless in luxury and high-end hospitality,” said Nader
Tavakoli, Chairman of Aman Resorts Group Ltd. “We are committed to building on
and expanding Amanresorts’ established global brand, reputation for
unparalleled guest service, and commitment to the local communities where we
operate. We look forward to investing in and heightening awareness of existing
properties, acquiring and developing new properties and, ultimately, realizing
the significant growth potential of this best-in-class business as we continue
to deliver superior, unforgettable experiences to guests worldwide.”

“I am delighted to partner with Peak Hotels & Resorts, who not only share my
vision for Aman’s future growth but are absolutely committed to sustaining our
company’s reputation for many decades to come,” said Adrian Zecha.

About Amanresorts

The first Amanresorts property, Amanpuri, opened in January 1988 in Phuket,
Thailand. Adrian Zecha envisioned a group of intimate retreats in beautiful
surroundings with discreet service and the unassuming, warm hospitality of a
gracious residence. Today Amanresorts has grown to encompass 26 of the world’s
most beautifully designed resorts in 18 countries, including the recently
opened Aman Venice and Aman Vietnam, and has garnered more than 2,000 awards
and accolades.

About Peak Hotels & Resorts Group

Peak Hotels & Resorts is an investor in the luxury hospitality industry. It
pursues investments globally in sustainable, socially responsible luxury
brands in partnership with seasoned management teams.

Contact:

Media:
Sard Verbinnen & Co
Paul Scarpetta/Renée Soto, 212-687-8080
or
Trina Dingler Ebert, (65) 6883 2555
 
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