The Malaysian sovereign fund Khazanah may soon buy a controlling stake in luxury hotel chain Aman Resorts from India’s DLF (DLF.BO) for up to $350 million, according to a report in the Economic Times.
But the deal may not include Aman’s Delhi property.
Goldman Sachs (GS.N) is allegedly advising DLF and JPMorgan is advising Khazanah.
Aman runs 23 hotels, including in Thailand, Bhutan, Cambodia, China and the United States.
DLF representatives declined comment, reports added.
Â
