WebAdrian Zecha is one of the worlds leading creators and operators of award-winning, luxury hotels and resorts. This formula has since been replicated at Amanresorts worldwide to great acclaim. The world, he says, never gets boring.. [5] [6] [7] He is the owner and chairman of Aman Resorts, [8] chairman and CEO of OKO Group [9] and is a co-founder of Moscow-based Capital Group. Pauline NganMarketing Manager +852 3400 2634 Hong Kong Poly, 1995-2023 Hospitality Net All rights reserved Hospitality Net is powered by Hsyndicate. Adrian Zechas first encounter with one of these inns, largely found in the countryside and often run by industrious families, was back in the 1950s. Azerai is a premium brand thats been envisioned for experienced urbane individuals, couples, and families. This is what I have done for most of my life. All rights reserved. Five years from now, I would like to see eight to 10 Azerai Resorts in operation around the world. Behind the scenes, however, the business has been in turmoil. Glasses of champagne in hand, they convened by the swimming pool that mirrored the stars and coconut trees. Zecha comes from a family of landowners. On the resort's private beach, fireworks were ready to be ignited at the stroke of midnight, to explode over the warm, clear waters of the Andaman Sea. 1 in the world in the "Hospitality, Leisure, Sport & Tourism" subject area by the CWUR Rankings by Subject 2017, and ranked No. As far as Azerai is concerned, I want it to stand side-by-side with the other successful projects I have had the privilege of working on: Regent Hotels & Resorts, GHM hotels and Aman Resorts. To keep his family company afloat, Vaturi cut a deal with Colony Capital. It is now under the control of Colony Capital, a U.S. real estate investment fund based in Los Angeles that's run by Thomas Barrack Jr., a former principal at Robert M. Bass Group. My desire was always to take on challenges, the longer the odds the better. Zecha molded Amanresorts by attending to every detail of the brand's development, down to the color and material for the bed sheets. Houses DLF's assets include Mall of India, Indias largest destination mall, according to its website. Heres How To Move To Norway In 2023, The Ultimate Guide To 7 Affordable Easter Getaways With Generator Hostel, The Vast Baja Peninsula Awaits Adventurous Travelers, Washington, D.C. Readies For The National Cherry Blossom Festival. In the end, Zecha, Thadani and other partners in Arral built the Amanpuri with their own money, $5 million for 40 rooms--at $125,000 a room, it was widely considered to be exorbitant at the time (later Amanresorts were built at a cost of $300,000 a room). Technology can help with the heavy lifting, such as capturing guest preferences and other elements that support personalization. Twelve years later, in 1972, he cashed out and turned to the hotel business, joining Robert Burns and Rafael, who had just established the Regent Hotel chain, Asia's first five-star hotel network. Following that, the fireworks lit up the sky to usher in 2000. Who had missed the party of the millennium? The site itself has everything a traveler would look for in a luxury beach resort: panoramic ocean views, lush gardens with tropical trees and flowers, and a location thats close enough to be easily accessible but far enough away to offer real seclusion and privacy. But Vaturi had borrowed heavily from Crdit Lyonnais of France. First, theres the hardwarethe design, as I mentionedbut more crucial, to my mind, is the software: the people who bring the resorts to life and provide an environment in which hospitality envelopes guests rather than overwhelms them. Based on a conservative valuation of 16 times earnings, Amanresorts is worth $240 million. With mobs running wild in Jakarta and other cities, the Amanjiwo undershot all its financial targets in 1997 and 1998. The SHTM Lifetime Achievement Award is established by the SHTM to honour outstanding personalities who have contributed substantially to the development of hospitality and tourism industry in Hong Kong, the region and around the world. That's $590,000 a room. Valuations are For example, it reportedly acquired the Stanhope Hotel in Manhattan for $15 million from a financially ailing Japanese investor in 1997 and sold it two years later for $65 million. Jenni conceived the company with Adrian After lunch on a trip to Phuket, he took a walk on a coconut farm by the sea. This is the essence of great hospitality treat every guest in the way you would want to be treated. (Neither Barrack nor others at Colony would speak on the record.) In brief, a camel had stuck its nose in the Aman tent. The prime minister's son helped Singh get a meeting with the chief minister of Haryana, who changed the law to allow farmland to be developed. WebFamily background []. Hotelier Adrian Zecha builds luxury dream escapes all over the world. Raises $2.2 billion in India's then-biggest initial public offering. You may opt-out by, Leveraging Digital Towards Improving Sustainability, SpaceX Rocket Launches Crew Of Four To International Space Station, Newcastle United Target FC Barcelona Raphinha Signing In $320 Million Spending Spree - Reports, Philippine Tycoon Edgar Saavedras Megawide To Build $300 Million Data Center In Digital Pivot, Revolutionizing Healthcare: The Top 14 Uses Of ChatGPT In Medicine And Wellness, Stewardship Delegation: It Really Is The Great Multiplier, Greta Thunberg Joins Indigenous Communities In Opposing Wind Energy: How To Address Community Opposition To Renewable Projects, Hydrogen-Powered Regional Airliner Readies For Takeoff. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Adrian Zecha is one of the worlds leading creators and operators of award-winning, luxury hotels and resorts. Legendary hotelier Adrian Zecha recently cut the ribbon on his latest resort development, Azerai Ke Ga Bay, located on Vietnams picturesque Chasing the dream: I write about travel and the world around me, opened last spring and last month, the second hotel , Hydrogen-Powered Regional Airliner Readies For Takeoff, Nature Heals: A Renowned Doctor Explains Green Micro-Breaks And Natures Importance For Our Health, The Real Players Of Formula One: Drive To Survive Season 5, Delta Pilots Ratify Contract With Massive 34% Salary Hike, Need A Fresh Start? Right before the opening of each new resort, he would invite his friends for the weekend. Unconfirmed, that is, until now. Ranked No. It demanded the return from Vaturi of the $120 million investment plus around $40 million in "interest." He spent his teenage and young adulthood in the US before moving to Indonesia to become a journalist. He foresaw that the division of India into two countries a year later would spark demand for housing from refugees streaming in from regions that became Pakistan. How will Azerai decide what types of projects to pursue as it continues to grow? This is a BETA experience. Eustace-January 23rd, 2023. Father-in-law, Raghvendra Singh, sets up Delhi Land & Finance. 1 in the world in the "Hospitality and Tourism Management" category in ShanghaiRanking's Global Ranking of Academic Subjects 2022 for the sixth consecutive year, placed No. Despite giant leaps in technology, the essence of hospitality remains human contact and genuine connections. Colony professes not to worry about the prospect of competing against Zecha. His entrepreneurial role with Regent was focused on the development and positioning of the brand. David Chang: Net Worth $60 million Chef and entrepreneur David Chang makes it to 8th position on our list with a net worth of $60 million. The index is a dynamic measure of personal wealth based on changes in markets, the economy and Minimalist dcor and a destination spa which will offer therapies embedded in both Eastern and Western traditions will call in travellers who want to stay in style but who are also after a sense of adventure. Zecha used to live in the country, where he was amazed by the harmony and delicateness of Japanese culture. I want Azerai to become a group of resorts that guests want to return to again and again. Gamechangers: 6 Forward-Thinking Hoteliers "Today, our students, alumni and scholars cover the globe in their search for knowledge and excellence, and their contributions make a difference everywhere. Azerai is a new story and brand of resorts offering guests simple elegance, refined design, and discreet and attentive service in places of unique beauty and cultural interest. Nor will Zecha have problems finding money. Singh is credited with all of these shares to reflect his status as chairman. It brings the Aman level down to their level. This same approach has been applied to his involvement with GHM since its inception in 1992, and has helped developed some of the most unique hotels and resorts in the world. "As many of you know, one of us couldn't be here tonight, and his name is Adrian Zecha, but he is with us in spirit. "It doesn't raise those [other] resorts to an Aman level. Mr Adrian Zecha, founder of Aman Resorts, received the inaugural SHTM Lifetime Achievement Award from the School of Hotel and Tourism Management (SHTM) Legendary hotelier Adrian Zecha has at last launched his next venture. If we think we can conceptualize and execute a beautiful resort with a unique soul, we will take it on. Compare that with the Ontario-based Four Seasons, the world's largest luxury hotel chain, with 11,088 rooms. His great-great-grandfather was born in Bohemia, now in the Czech Republic, and moved to the then-Dutch East Indies in 1829. The break between Zecha and Colony came in October 1998, when Colony exercised a clause in its deal with Vaturi. Adding to Colony's initial stake, Vaturi's remaining holdings would give Colony control of 55% of Amanresorts. 13. I have been asked this question many times, but I have not managed to find an answer that satisfies peoples curiosity. This is where things now stand: Colony has management control of Amanresorts, and a majority of the board seats but not a majority of the shares. Ten of the top 20 personnel of Amanresorts quit after Zecha left, including the person in charge of marketing and the managers of the Amandari, the most recognized resort in the chain. Why did you decide to embark on another chapter with Azerai at this stage in your life? 1 globally in the "Commerce, Management, Tourism and Services" category in the University Ranking by Academic Performance in 2021/2022 for five years in a row, rated No. 24 Mar 2021. In exchange for what eventually became $120 million in payments to Vaturi, Colony received a stake in the holding company that indirectly gave it a 20.4% share in Amanresorts, reducing Vaturi's 56.7% to 36.3%. At the time, the The entire chain has only 406 rooms. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); document.getElementById( "ak_js_3" ).setAttribute( "value", ( new Date() ).getTime() ); By using our site you agree to our use of cookies to deliver a better site experience. "We would deal with it in the way we would deal with any rival," says Greg Sirois, the Colony-appointed general manager of the Amanresorts. In its 13 years of existence, Amanresorts has become one of the world's most prestigious and profitable hotel brands. The biggest testament of quality, however, is its durabilitythe fact that the estate was in good condition to be restored, rather than rebuilt, 140 years after construction., Custom furniture made from locally sourced Japanese Cypress dresses the guest suites, Connecting with the outdoors is also part of Azumi Setodas concept, so all guests are treated to their own patches of alfresco privacy, including gardens or balconies that magnify views of the enveloping kakine cedar fence. The 84-year-old has had a hand in some of the regions leading hotel groups, from Regent International Hotels one of Asias first luxury hotel chains to the ultra-luxe For its part, Colony officials say there is still an open door for Zecha to return to the Amanresorts. #adrianzecha #petermuller #zecharesorts #aman #amanjunkie #amanjunkies, ZECHA Hartmetall-Werkzeugfabrikation GmbH [Imagevideo], Tandjung Sari: Architecture | Tropical Boutique Hotel in Bali, Tandjung Sari: Craftsmanship | Tropical Boutique Hotel in Bali, AADOM Radio-THE Podcast For Dental Managers podcast episodes, Risk and Reels: A Cybersecurity Podcast podcast episodes, All About Affordable NFTs podcast episodes, We Are The Gayers | A Buffy Podcast podcast episodes, The Lorehounds: A Mandalorian Podcast podcast episodes, The Not Ready for Prime Time Podcast podcast episodes, The Movie Roulette Podcast podcast episodes, I Watch More Movies Than You podcast episodes, The House That Screams Horror Podcast podcast episodes, Weird, Together: Watching the Latest in Indie Horror Films podcast episodes. Mr Zecha also founded Beaufort Hotels, which opened luxury hotels in Brisbane, Darwin, Singapore and Bangkok. Zecha can also count on his partner Thadani, who heads the $750million (assets) Schroder Capital Partners, a private equity investment company based in Singapore. He and his allies could withdraw the lawsuit and raise the money to bid against Colony to acquire Vaturi's stake. I will leave it to others to decide what that should be. Zecha's idea of a small hotel charging $250 a night (in 1987) was considered crazy. But who would take care of it when he was away? "And then they say, 'Well, you can try to buy it back.' quit the army after nine years as an officer with the Deccan Horse, one of the oldest regiments of the armored corps. What is Adrienne Bailon's net worth? Founded by Indonesian hotelier Adrian Zecha, the Aman Group was acquired in 2014 by Vlad Doronin, who has grown the business globally. WebSINGAPORE (December 29th, 2020) - Adrian Zecha cut the ribbon last month on his latest resort development, Azerai Ke Ga Bay, which is located on Vietnams picturesque Sitting on the resort's stone patio, watching the sun set over the Andaman Sea, martini in hand, George says: "This place has none of the marble and glitz of other resorts. Slectionnez Grer les paramtres pour grer vos prfrences. That definition may be somewhat similar to a home. There is no hospitality manual found on those premises, he adds, yet it is only natural to provide the utmost care possible to house guests., The inaugural 22-room Azumi Setoda opened in March and is situated on the rural, lemon-sprouting island of Ikuchijima in the Seto Inland Sea in Japan. The first property from the group the 60-room Azerai Can Tho on the Mekong in Vietnam opened last spring and last month, the second hotel AzeraiLa Residence also opened its doors in Hue, Vietnam. The latter is well-loved globally, with locations in Asia, the Middle East, Europe, and the US; the first Aman property was Amanpurin in Phuket, built in 1998. Mr Adrian Zecha, founder of Aman Resorts, received the inaugural SHTM Lifetime Achievement Award from the School of Hotel and Tourism Management (SHTM) of The Hong Kong Polytechnic University (PolyU) at a ceremony held in his honour at the SHTM's teaching and research hotel, Hotel ICON, on 19 May 2016. With a strong international team of over 90 faculty members from diverse cultural backgrounds, the SHTM offers programmes at levels ranging from undergraduate degrees to doctoral degrees. and each individual billionaire profile contains a detailed analysis of how that person's fortune is tallied. Then Andrew Harper's Hideaway Report gave the resort its first award, and the die was cast. When the prominent Horiuchi clan, one of the most dynamic salt farming and shipping families in Setouchi, says Zecha, made its headquarters and private residence here in the late 1800s, members turned to the best craftsmen around the country, hiring carpenters from cosmopolitan Kyoto, for instance, to assemble shoji screens. The legendary founder of Aman Resorts discusses his ambitious projects and why age 84 is no time to take a break. Azerai Resorts are designed in an elegant, refined, and understated manner, and seek to embrace and blend into the locations in which they are set. [10] [11] [12] Colony has had other hotel successes. people. En cliquant sur Refuser tout, vous refusez tous les cookies non essentiels et technologies similaires, mais Yahoo continuera utiliser les cookies essentiels et des technologies similaires. It was an affluent crowd. "I don't want to hurt the Amans. Venturi didn't have the cash, so Colony could exercise its right to sell Vaturi's remaining stake in the holding company and then bid for it. Once an ambitious target was set, I worked towards it and the path was never linear. Itsmission isto present the single-most compelling and elegant accommodation experience in a given locale at an affordable price-point.". That resort became the Amanpuri. When they arrive you welcome them warmly, help them with their coats, offer them an aperitif. WebWhat was the median net worth? In the early 1980s, much like his father-in-law had done almost four decades earlier, Singh started acquiring land by going from village to village, talking to farmers and persuading them to sell. We want our guests to be captivated byand immersed inthe destinations first and foremost, and to feel in our properties as if they are at home in an unfamiliar place. How do you think luxury travel might change in the wake of Covid-19? The former army officer is chairman of the company, which develops residential properties, offices, commercial complexes and retail sites including India's largest destination mall. By Hsyndicate brings the Aman tent his teenage and young adulthood in the Aman group was acquired 2014! Missed the party of the worlds leading creators and operators of award-winning, luxury hotels in Brisbane, Darwin Singapore... Of Japanese culture can help with the Deccan Horse, one of the brand father-in-law, Raghvendra Singh, up... Individual billionaire profile contains a detailed analysis of how that person 's fortune is tallied first award, families., which opened luxury hotels and resorts and moved to the then-Dutch East Indies in 1829 their.! Zecha used to live in the Aman tent ] resorts to an Aman level down to their.... Every detail of the brand 's development, down to the then-Dutch East Indies 1829. When they arrive you welcome them warmly, help them with their coats, offer them aperitif. 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