Colony Capital Sells Interest in Amanresorts Chain.Business Editors LOS ANGELES--(BUSINESS WIRE)--Oct. 5, 2000 Colony Capital  This article may contain improper references to .Please help [ improve this article] by removing . , a private, international investment firm, today announced that it has sold its interest in Credicom Asia, a company specializing in luxury hotel and tourism related investments. Credicom Asia is the majority shareholder in the world-renowned Amanresorts, a five-star luxury resort hotel chain distinguished by extraordinary resort properties, exotic natural settings and incomparable service. Colony and its co-investor, Donald Sturm, have sold their interests in Credicom Asia to a foreign investment group for an undisclosed sum. "Credicom Asia has taken major strides to expand the Amanresorts brand name and investment portfolio, now the most exclusive five-star luxury resort chain in the world," stated Thomas J. Barrack BARRACK. By this term, as used in Pennsylvania, is understood an erection of upright posts supporting a sliding roof, usually of thatch. 5 Whart. R. 429. , Jr., chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Colony Capital. "Amanresorts has fully recovered from the effects of the Asian crisis and, today, its hotel operations and financial reserves exceed all levels previously attained." Credicom Asia also owns the L'Ermitage Beverly Hills, a five-star luxury hotel in Beverly Hills, California, which has recently been rated one of the Top 10 Hotels in North America by Conde Nast. Credicom Asia also has interests in land for future resort development, most notably 300 acres in Ramatuelle overlooking St. Tropez in the south of France South of France south n the South of France → le Sud de la France, le Midi . Barrack continued, "The increase in the value of these luxury assets has allowed us to exceed our expectations in this transaction. The Aman brand is one of the most admired in the world and it will continue to flourish and excel under its new ownership, who will maintain the Aman standard of excellence." Colony is one of America's most active and innovative real estate investors. The firm is headquartered in Los Angeles, with eight additional offices throughout the world. Donald L. Sturm, an investor and philanthropist, owns numerous community banks in Kansas, Missouri, Colorado and Wyoming. He is a major investor in WorldCom, Inc., Level 3 Communications
Level 3 Communications NASDAQ: LVLT is a communications and information services company headquartered in Broomfield, Colorado, USA. and Continental Airlines. Mr. Sturm is a former chairman of Continental Can Company and a vice chairman of Peter Kiewit Sons'. Mr. Sturm is a trustee of the University of Denver Background and rankings The University was founded in 1864 as Colorado Seminary by John Evans, the former Territorial Governor of Colorado, who had been appointed by US President Abraham Lincoln. and the Denver Art Museum The Denver Art Museum is an art museum in Denver, Colorado located in Denver's Civic Center. It is known for its collection of American Indian art, and has a comprehensive collection numbering more than 55,000 works from across the world. Foundation. He serves on the Board of Directors of Continental Airlines. |
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