On 9th February, 2014, DLF GLOBAL HOSPITALITY LTD (DGHL) a 100% step down subsidiary of DLF Ltd., announced that it has completed the sale of 100% equity stake in Silverlink Resorts Ltd. (SRL) to Aman Resorts Group Ltd. (ARGL). The deal value is USD 358 million. The sale has been in the form of management buyout. DLF Global Hospitality Limited had purchased 100% equity in Amanresorts in 2007 from a group of investors. The deal excludes the iconic Lodhi Hotel in Delhi which shall remain a part of DLF Ltd.

Commenting on the sale, Mr. Saurabh Chawla, Executive Director Finance at DLF said – “this sale of business is another major milestone in DLF’s strategy to focus on its core business of real estate and divest non-core businesses and assets.”

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