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Looks like our well-heeled source who claimed that luxury goods company LVMH was thinking about buying the Amanresorts chain was right after all. Bloomgberg News is now reporting pretty much just that.
DLF Ltd. (DLFU), an Indian real estate developer, has received at least five non-binding bids of $400 million to $450 million for Amanresorts, one of the people said, speaking on condition of anonymity as the details are private.
UPDATE: Hotels Mag has just cited a Sunday Times report that said Amanresorts might be sold for $400 million. Sorry, but we think this one has LVMH all over it now.
Just days after we caught wind that Andre Balaz might be taking over Cooper Square, we've got another interesting hotel rumor on our hands here and it's a doozy. From a well-heeled deep throat:
Someone who was once associated with the company at a high level confirmed through what he has heard from his very close contacts still on board there that Amanresorts has sold to LVMH [Louis Vuitton Moët Hennessy] and that the sell will be officially announced in October.
Yes, that basically reads like someone heard from an acquaintance who heard from someone else's mother's baby sister cousin-in-law's niece's neighbor that Amanresorts has been snapped up by luxury goods house LVMH but still, that is huge news! If it's true of course.
Our informant also tells us that Amanresorts has been up for sale for the past year and that this sort of alignment with a fancy pants luxury brand like LVMH would make sense, especially since Amanresorts is in touch with their fashionable side as evidenced by this Vogue photoshoot.
Last year, we had heard the Louis Vuitton Moet Hennessy, LVMH, the parent company of all things designer, expensive and luxurious would be spinning off their luxury resort Cheval Blanc but we were tre bummed to hear that they planned on opening their first two hotels in Switzerland and Egypt. This is what we said then:
Now, we'd never be able to afford Cheval Blanc but we do wish they would open some hotels in more accessible cities in Europe and stateside. Like Paris, maybe? That would be nice!
Well, merci beaucoup to whoever at LVMH reads HotelChatter because the company announced today that the first Cheval Blanc spinoff will indeed open in Paris, inside the old Samaritaine department store.
We just asked if anyone had ever bought hotel fashion before but we think if you stayed at the Louis Vuitton Hotel in Paris, the question wouldn't be "Did you buy something?" but rather "What did you buy?"
Alas, we're already getting ahead of ourselves here. There is no Louis Vuitton hotel in the works...yet.
On the heels of yesterday's report that LVMH would be creating a hotel collection, the Wall Street Journal says today that there is already an LVMH hotel planned for Paris inside the former La Samaritaine department store building.
If you're not down with the heavy hitters in the fashion world, you might have to get up to speed on this one.
LVMH stands for Louis Vuitton Moet Hennessy but it's not just an abbreviation for what WAGS wear and guzzle on a night out on the town. The French luxury goods company has quite a few brands under the LVMH umbrella including Chopin, Fendi, Marc Jacobs, Donna Karan and Sephora.
The company's chairman, Bernard Arnault (who is also France's richest man) has already dipped his toes in the hotel industry with the Cheval Blanc hotel in Courchevel 1850, France. But like all the finer things in life, he wants more.
LVMH announced today that the company will create a high-end hotel management business to be called, Cheval Blanc.