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Aman Resorts, the luxury hotel chain, has been put up for sale with a price tag of over $400m, the Sunday Times reports.

The chain has been put up for sale by its owner, Indian property company DLF. The company is also seeking to sell its real estate joint venture with the Hilton Group.

Aman Resorts, which was set up in 1988 by Adrian Zecha, runs 25 resorts in places such as Thailand and Bali.

The décor of each Aman resort makes use of locally sourced materials, reflecting elements of the natural surroundings and the traditions of local cultures.

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