The deal volume was around $75 mln (€69 mln), nearly $2.1 mln per key.
BLG Capital said that the sale represented the culmination of an eight-year growth strategy to reposition the bespoke resort hotel.
‘The Aman Hotel Bodrum is a major proof point for BLG’s approach to building investment and consumer value through strategic partnerships and meticulous development,’ said Serdar Bilgili, chairman, BLG Capital. ‘We emphasize crafting each space we own into a singular experience—and the market continues to embrace to that mission.’
‘Turkey’s luxury hotel market has become a major growth opportunity for both investors and developers over the past 20 years,’ said Giray Boran, managing director, BLG Capital.
‘We were approached regarding Amanruya Bodrum because this is an exceptional, in-demand property at a time when there is already prodigious consumer and investor interest in Bodrum, Turkey, and the Mediterranean overall. This move opens new strategic opportunities for BLG’s portfolio and for our investors. We’re excited to see the property’s continued success under new stewardship.’
BLG Capital acquired the Amanruya Bodrum property in 2016 and redeveloped the space, before reopening the resort to the public in 2018. Each of the 36 free-standing pavilions in the resort offers up to 5,500 ft2 of private gardens and terraces showcasing views of the Aegean Sea, with 22 villas featuring individual heated swimming pools.
The resort’s extensive amenity collection comprises six food and beverage venues; a signature Turkish spa; a fitness centre and yoga studio; a tennis court; a three-story library and meeting room; and a 50-metre infinity pool, which is the longest pool in Bodrum.
In 2023, the property closed its most successful year to date with a revenue growth of 49% compared to the same operating period in the previous year, according to BLG Capital.
