Adrian Zecha buys back Amanresorts at USD300million from the group he sold it to for USD400milllion in 2007.
Did DLF overpay at the height of the market? Were there no other bidders besides Zecha offering more? Isn’t luxury a growing segment? Or do these properties require a visionary to operate and maximize value? Or is there a more astute reason as suggested in the comments below.
source: India Today