
A potential buyer for Amanresorts International Pte Ltd might be Qatar Holding LLC, a subsidiary of Qatari sovereign wealth fund Qatar Investment Authority.
The Wall Street Journal reported that "LVMH Moët Hennessy Louis Vuitton SA, Qatar's sovereign-wealth fund and the parent of Hainan Airlines Co. are considering making bids for the high-end Amanresorts International Pte. Ltd. chain, people familiar with the situation said.Amanresorts has 25 resorts in 16 locations—including Turkey, Sri Lanka and southern Utah—charging rates of $700 to more than $3,000 a night."India-based real-estate firm DLF Ltd. is seeking more than $400 million for the chain, the people said. DLF, India's biggest property developer by sales, bought 97% of Singapore-based Amanresorts for $400 million in 2007 and subsequently increased its stake to 100%.Final bids are due next week and one of the people said the deal is likely to close by December.Amanresorts has 25 resorts in 16 locations—including Turkey, Sri Lanka and southern Utah—charging rates of $700 to more than $3,000 a night."
