Aman gains $900 million investment for global expansion

by | 26 Aug 2022 | Portfolio

Pictured: Aman Beverly Hills, another recent joint development between Aman Group and Cain International.

Swiss-headquartered Aman Group has received $900 million of finance from private investment firm Cain International together with Saudi Arabia’s Public Investment Fund.

The hospitality group will spend the funding to support the brand’s global expansion of ultra-luxury hotels and branded residences. The transaction values Aman Group at $3 billion.

Pipeline drive

The investment will be used to enhance the existing portfolio, drive the construction pipeline of new Aman and Janu-branded properties, and support the acquisition and development of additional sites.

Aman Group currently comprises a collection of 34 hotels across 20 countries, 12 of which include Aman Branded Residences, with nine further hotels and residences projects currently under construction.

A committed pipeline of additional destinations has been secured in countries including the United States, Japan, Mexico, South Korea, Saudi Arabia, and across Europe. Affiliates of Aman own or part-own 16 of the 34 hotels, although such ownership interests were not part of this transaction.

Ultra-luxury ecosystem

Vlad Doronin, owner, chairman and CEO of Aman Group, said: “My long-term strategic vision has been to continue to grow the Aman brand in key markets, all with Aman Branded Residences, as well as creating an ultra-luxury ecosystem which offers the complete Aman lifestyle.

“We have set the foundation over the last eight years, celebrating the brand’s DNA while continuing our growth in global cities and remote destinations. The investment from PIF and Cain International is a vote of confidence in my vision and the work the team has done over the last eight years, cementing the brand’s evolution and ability to deliver this vision at pace. Together we will deliver considerable growth and maximise the extraordinary potential of Aman.”

Evolving landscape

Cain International CEO and co-founder Jonathan Goldstein added: “We are excited to be investing in this phenomenal brand and look forward to building upon our longstanding partnership with Vlad and his team.

“As the hospitality landscape continues to evolve, we expect to see a growing desire for travellers and investors alike to prioritise experiences supported by preeminent brands like Aman. This investment represents a unique opportunity to further enhance this portfolio of unrivalled destinations.”

In June, Cain announced Aman as the flagship operator at One Beverly Hills, the 17.5-acre mixed-use urban resort it is developing in Beverly Hills. Aman Beverly Hills will deliver 42 upper upscale keys to the brand in 2026.

Related Articles

Accor to introduce its Handwritten Collection to the U.S.

Accor to introduce its Handwritten Collection to the U.S.

The 1920-built Hotel Stratford San Francisco has recently emerged from a multi-million-dollar refurbishment that retains the original character of the property. U.S. brand debut San Francisco is to become the first U.S. destination for the 2023-launched Handwritten...

Investment club celebrates success

Investment club celebrates success

JP Immobilien Group is celebrating the successful completion of its first JP Hospitality Investors Club, with investment deals all now in place. The success of the first investment club means that JP is now planning a second tranche of club deals. Set up in 2021, the...

Marriott scores Japanese conversions

Marriott scores Japanese conversions

Marriott International is to rebrand seven hotels in Japan, adding substantially to its presence in the market. An agreement with Japanese owner and operator HMI will see four of its properties rebrand to Marriott hotels, while three will switch to the Courtyard by...

Wyndham builds traction across EMEA

Wyndham builds traction across EMEA

Wyndham Hotels & Resorts has declared 2023 a banner year, as it expanded its business substantially across EMEA, opening 87 hotels and adding 9,500 rooms during the period. A further nine of the group’s 25 brands were introduced into new countries, as Wyndham’s...

Paradores invest for the future

Paradores invest for the future

Spain’s paradores, a national network of state-run hotels that often feature historic or culturally important buildings, are continuing to thrive. With the current pipeline of new additions, the portfolio will soon welcome its 100th property. Guests arriving at a...

Hilton acquires NoMad lifestyle brand

Hilton acquires NoMad lifestyle brand

Hilton has acquired the NoMad hotel brand, adding to its lifestyle brand stable following the recent acquisition of Graduate Hotels. The move takes the form of the acquisition of a majority, controlling stake in Sydell Group, the organisation that developed the NoMad...

ABOUT THE CHAIN

Aman opens doors to discovery, pursuing the limits of cultural enlightenment and pioneering experiences in locations both remote and urban.

IN THIS ARTICLE