WebIn a rare interview, hospitality visionary Adrian Zecha shares what goes behind the creation of luxury hotels and his latest brand, Azerai -- now DLF -- in 1946. 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? How do you think luxury travel might change in the wake of Covid-19? 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. I want Azerai to become a group of resorts that guests want to return to again and again. His visionary philosophy was to create elegant, boutique accommodations with a minimalist and environmentally sensitive approach, combining intimacy and style with unparalleled service. I will leave it to others to decide what that should be. I have been asked this question many times, but I have not managed to find an answer that satisfies peoples curiosity. "Zecha saw a market niche and filled it," says Andrew Harper, publisher of the travel newsletter Andrew Harper's Hideaway Report. This joint-venture company with Georg Rafael was subsequently sold to Mandarin Oriental Hotel Group. Adrian Willem Ban Kwie Lauw-Zecha (born 1933), better known as Adrian Zecha, is an Indonesian hotelier and founder of several hotel companies including Regent International Hotels, GHM Hotels, Amanresorts International, and Azerai Resorts, among others. The shares are held by a promoter group, which includes family members and holding companies, according to a March 2022 filing with the Bombay stock exchange.. That is the last thing I want to do," says Zecha wistfully. The Singhs set up a venture with Philadelphia-based ESB Inc. called Willard India Ltd. to make car batteries in 1973. "They are what you don't do when planning a hotel.". Recently, on April 17, 2020, he released [] The design process in traditional Japanese architecture frequently lacks a top-down concept, which is what makes it so interesting, says Zecha. Raghvendra Singh suffered a setback in 1962 when the government forced closely held companies out of real estate in its effort to tame unbridled growth and create orderly cities. Colony wants to extend the Aman brand to other hotel properties, something that is anathema to Zecha. He spent his teenage and young adulthood in the US before moving to Indonesia to become a journalist. If we think we can conceptualize and execute a beautiful resort with a unique soul, we will take it on. The next year Zecha didn't go to Amanpuri, the first public sign something was wrong. Do they have the same vision as Adrian? WebZecha and I met in his office for this interviewa minimalist space swathed in white and dotted with wooden accents and books, a look similar to the streamlined tropical luxe interiors his hotels have perpetuated in the last four decades. 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. To boost Amanresorts' revenues, it wanted the chain to take over the management of some Colony-owned hotels outside Asia that would be rebranded as Amans. It was an affluent crowd. E-mail : jobs@globalexpatrecruiting.com, 2023 GLOBAL EXPAT RECRUITING | All Rights Reserved, https://vietcetera.com/en/the-essence-of-world-class-hospitality-a-qa-with-azerai-founder-adrian-zecha. The billionaire's son, Rajiv, made his foray into real estate in 1987, when he oversaw construction of DLF's first office building in central New Delhi. "That's not growth, that's poison," says Zecha in a lengthy interview over Cuban cigars and espressos at a beach-side hotel on Singapore's Sentosa Island. SHARE. Azerai is uniquely envisioned for todays experienced urbane individuals, couples and families looking for distinction, quality and comfort at affordable prices.. They will all be high-end, boutique resorts like Amanresorts, she says. Adrian Bellamy owns over 4,668 units of Williams-Sonoma stock worth over $9,849,022 and over the last 20 years Adrian Zecha is one of the worlds leading creators and operators of award-winning, luxury hotels and resorts. Nous, Yahoo, faisons partie de la famille de marques Yahoo. He wanted to resume property purchases to create a modern suburb 17 miles south of central New Delhi, in Gurgaon. SINGAPORE (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 southeastern coast about 150km from Ho Chi Minh City. 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. What is Adrienne Bailon's net worth? It was $692,100 in 2017. What, in particular, appealed to you about this location? 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. 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. What is the legacy you want to leave both for Azerai and yourself personally? $200 per post at $10/CPM. In a career spanning more than 40 years, Mr Adrian Zecha has founded a series of successful hotel and resort companies, conceiving and developing more than 100 internationally-applauded properties around the world. 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. Adrian Gore R6.7 billion. Stakes in publicly traded companies are valued using the share's most recent closing price. Following that, the fireworks lit up the sky to usher in 2000. Who had missed the party of the millennium? 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. Young Adrian was in New York, where he had just joined Time-Life, first as a journalist and then as a publisher. Save the date for the industry's leading event in Las Vegas, May 24th, 2023, The 36 Most Anticipated Hotel Openings of 2021, Gamechangers: 6 Forward-Thinking Hoteliers, Casa na Terra Seamlessly Coexists With Its Surroundings, Valerie Legras Spotlights Innovative Creators With Swadoh. Casa na Terra Seamlessly Coexists With Its Surroundings, Get the latest edition of Hospitality Design magazine, Don't miss the latest from Boutique Design, About | Contact | Buyers Guide | Advertise | Advisory Board | Sitemap, ABOUTCAREERSAUTHORIZED SERVICE PROVIDERSTERMS OF USEPRIVACY POLICY. "Quite simply, Amanresorts is the most luxurious boutique resort chain in the world," says Erik van Keulen, head of the Singapore office of HVS International, a global hotel consulting group. Think of when you invite your friends for dinner. Thats a tall order, I know, but I believe we can get there. The break between Zecha and Colony came in October 1998, when Colony exercised a clause in its deal with Vaturi. For almost two years, Colony didn't interfere with Zecha's running of the business--until late 1998, when Asia's financial tsunami was striking the eight Amanresorts in the region. Address:6 Thi Sach, Ben Nghe Ward, District 1, HCMC, Viet Nam, Social Media License Number 530/GP-BTTTT, signed on 07/11/2022, issued of the Ministry of Information and Communications, Content Management Responsibility byPhan Nguyen Lap. As the founder of world famous Aman Resorts, the Director and Non-Executive Chairman of GHM is renowned for developing distinctive properties that redefine the destinations in which they are set. 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. The brand will offer a 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. Hotel Online Special Report Robert Burns, Georg Rafael and Adrian Zecha to Be Honored at the Upcoming 16th Annual Hotel Investment Conference Asia Pacific . Why did you decide to embark on another chapter with Azerai at this stage in your life? "In fact, it doesn't matter if it is me. Adding to Colony's initial stake, Vaturi's remaining holdings would give Colony control of 55% of Amanresorts. Mr Zecha currently serves as non-executive Chairman of General Hotel Management, which develops and operates three, four and five star hotels and resorts throughout Asia, the Middle East, Europe and the Americas, including the highly-successful Setai in Miami. Despite giant leaps in technology, the essence of hospitality remains human contact and genuine connections. WebFamily background []. Zecha's approach to the business could not be more different from Colony Capital's. Even Adrian's closest Thai banking contacts refused to lend him the $2.5 million he needed, a conservative amount that covered buying the land and half the cost of constructing the resort. WebAdrian Zecha is one of the worlds leading creators and operators of award-winning, luxury hotels and resorts. DLF raised $2.2 billion in June 2007, India's biggest initial share sale at the time. DLF has its headquarters in the 10-story building. Please only use it for a guidance and Coach (Survivor contestant)'s actual income may vary a lot from the dollar amount shown above. 24 Mar 2021. I will leave it to others to decide what that should be. The maneuvering and the interference was enough for Zecha. Singh and his family control about 75% of the Gurgaon, India-based business. Compare that with the Ontario-based Four Seasons, the world's largest luxury hotel chain, with 11,088 rooms. Those desires wont suddenly go away, I dont think. Adrian was born in Sukabumi, West Java, in 1933, to an upper-class Peranakan family. What was the average net worth? 2023 Tatler Asia Limited. 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. On every New Year's Eve since the Amanpuri opened in 1987, the peripatetic Zecha had made it a point of being there in Phuket, at his first Amanresort. Technology can help with the heavy lifting, such as capturing guest preferences and other elements that support personalization. They see themselves as the right group to take the Amanresorts to the next level. Despite giant leaps in technology, the essence of hospitality remains human contact and genuine connections. Methodology: The Bloomberg Billionaires Index is a daily ranking of the world's richest For over 40 years, the School of Hotel and Tourism Management (SHTM) of The Hong Kong Polytechnic University has refined a distinctive vision of hospitality and tourism education and become a world-leading hotel and tourism school. India's wealthiest property developer controls three-quarters of DLF, the country's largest publicly traded real estate company. The world has always existed in a state of flux and this isnt the first time something has posed a challenge to international travel. Eustace-January 23rd, 2023. Source: https://vietcetera.com/en/the-essence-of-world-class-hospitality-a-qa-with-azerai-founder-adrian-zecha, Komplek Perkantoran Kuta Poleng Blok A4
Until then the shares of Amanresorts were held by Zecha and his friends and associates, who let Zecha run his own show. But it becomes a different thing. Zecha has plenty of income, including that from his Aman stake and a chain of less pricey hotels, General Hotel Management, that he controls. Read more here. With concerted efforts, we will continue to play a leading role in nurturing talents for the advancement of the entire industry globally". His contribution to the international hotel sector is without parallel and he is truly a deserving recipient of the School's Lifetime Achievement Award. On behalf of several Asian and U.S. investors, I have spent the best part of April and May in Indonesia, examining the opportunity of developing several Azerai Hotels, the latest hospitality brand by the legendary and visionary hotelier, Adrian Zecha.It has been a hectic period with trips to Bali, Lombok, Jogjakarta, Jakarta and a side-trip to Those desires wont suddenly go away, I dont think. From the beginning, Zecha has relied on word of mouth, tapping into a network of rich friends that he has built up over the years in Asia, Europe and the U.S. His family is of Peranakan Chinese and Bohemian roots. 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. Mr Adrian Zecha, founder of Aman Resorts, received the inaugural SHTM Lifetime Achievement Award from the School of Hotel and Tourism Management (SHTM) 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. How can Zecha win back control? This is what I do. It is separated from continental Europe by the North Sea to the east and the English Channel to the south. Setiabudi, Simpang Siur Square
In the interview below, the veteran hotelier, who has more than five decades of experience in international luxury hospitality, shares his thoughts on where the Azerai brand is heading, his philosophy on creating memorable guest experiences, and what he hopes his legacy will be. Pauline NganMarketing Manager +852 3400 2634 Hong Kong Poly, 1995-2023 Hospitality Net All rights reserved Hospitality Net is powered by Hsyndicate. Under his management, Pick n Pay grew into 794 stores around Southern Africa, Mauritius and Australia. 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. Mr Adrian Zecha is the first recipient of this prestigious award. In 1996 the bank's financial problems worsened and it called in its loans to Vaturi. Unconfirmed reports began to circulate in the travel industry that Zecha had left the company because of fierce disagreements with another investor in the company. This is a BETA experience. Some of its properties in Indonesia include Amandari in Bali as well as Amanjiwo in Magelang. What is your philosophy about creating memorable guest experiences? 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. Things started to come unstuck in 1996. His career once again found Adrian going back Stateside to work for Time Magazine and establishing several magazines, such as Asia Magazine and Orientations. Azerai is a new story and brand of hotels offering guests refined design, discreet and attentive service in places of unique beauty and cultural interest. DLF acquired 3,500 acres in the coming years that he divided into plots and began selling to people. "Amanresorts still charges what people consider outrageous rates, but the occupancy rates are there.". Divya Puri, a spokesman for DLF, declined to comment on Singh's net worth calculation. Colony has had other hotel successes. The brand was formed by hotelier Adrian Zecha, and the name is derived from Zechas initials and the latter part of a Persian word, caravanserai, which references the storied old inns of the Middle East. Three months after it opened, Amanpuri created a name for itself when the American actors Sean Penn and Michael J. In October 1998 he resigned the chairmanship of Amanresorts and his board seat; the chairmanship passed to Colony. "As a world-leading hotel and tourism school, the SHTM has forged close partnership with many of our industry partners and academic institutions in the region and around the world. If Zecha decides to establish a new chain of resorts, he won't have much difficulty recruiting skilled hoteliers. The natural beauty of the coastline was one of the first things that impressed me. How will Azerai decide what types of projects to pursue as it continues to grow? Now, let's celebrate." Design is created by a bottom-up approach, by listening and feeling each artisan and natural materials voices., After decades in the business, where he has made an indelible mark and redefined luxury, Zechas new venture is a reminder that though people talk about the new normal a lot, things dont change that easily. 13. , 2020) - Adrian Zecha cut the ribbon last month on his latest resort development, Azerai Ke Ga Bay, which is located on Vietnams picturesque southeastern coast about 150km from Ho Chi Minh City. 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. From the serene lodges found at Bhutans remote Amankora to the luxury tents at Amanwana on Moyo Island, Indonesia Amans signature alwaysincludes super-slick accommodation, discreet service and beautiful surroundings. If we think we can conceptualize and execute a beautiful resort with a unique soul, we will take it on. The world has always existed in a state of flux and this isnt the first time something has posed a challenge to international travel. (Argent's 63% share of Amanresorts subsequently fell to 55%.) To increase the chain's allure, Amanresorts hasn't advertised (except for a few ads in 1987) and has never put out a press release. How will Azerai decide what types of projects to pursue as it continues to grow? The Four Seasons runs mostly big, opulent hotels, with at least 150 rooms. Lyn Middlehurst, publisher of The Gallivanter's Guide, a British travel newsletter, declared in the February issue that Zecha would soon announce "his new hotel project." Five years from now, I would like to see eight to 10 Azerai Resorts in operation around the world. There's also a set of guests known as "Aman junkies" who return to the same properties year after year or travel the world to visit all 11 Amanresorts. The average household net worth in 2020 was $746,821. And we felt the resort would be a strong complement to our existing properties in Vietnam: Azerai Can Tho in the Mekong Delta and Azerai La Residence, Hue in the cultural city of Hue. The value of his cash investments is based on an analysis of dividends, market performance, insider trades, taxes and charitable contributions. My view has always been that our resorts should speak for themselves. 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 DLF buys controlling stake in Aman Resorts chain. After Aman, Adrians latest ventures are three Azerai resorts in Vietnam with Indonesia and the Philippines in the pipeline. 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%. But Vaturi had borrowed heavily from Crdit Lyonnais of France. Adrian Zecha Born: 1933 (age 89years), Sukabumi, Indonesia, Adrian Zecha Education: Columbia University, Dickinson College, Adrian Zecha Nationality: Indonesian, Singaporean, Adrian Zecha Founded organization: Aman Resorts, Azerai, Regent International Hotels. "Today, our students, alumni and scholars cover the globe in their search for knowledge and excellence, and their contributions make a difference everywhere. And because they do that, more opportunities continue to present themselves to us. Selling his interest in Regent International in 1986, he went on to partner with Georg Rafael in the Rafael Hotel Group, which focused on the acquisition and management of luxury five-star hotels and resorts in Europe and the US. In October 1998 Colony, under the terms of the agreement with Vaturi, got three of the seven board seats that control Amanresorts and veto power over board decisions (it had a special class of stock, unlike the other shareholders). 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. For over three decades, the coreAzotelsteam has worked together to design, launch, and operate leading hotel and resort properties around the world. We all need time outside the home [and to experience] new encounters.. One sign of trouble: a new resort on the Indonesian island of Java, the Amanjiwo, opened in October1997--just as the Indonesian economy was collapsing. The revelry was interrupted by a bittersweet announcement from the general manager, Anthony Lark. 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. Based on a conservative valuation of 16 times earnings, Amanresorts is worth $240 million. Colony came in October 1998 he resigned the chairmanship of Amanresorts and his board ;... Wanted to resume property purchases to create a modern suburb 17 miles of! The first public sign something was wrong 's Net worth in 2020 was 746,821! Advancement of the coastline was one of the adrian zecha net worth 2020 leading creators and operators of award-winning, luxury hotels resorts... 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