Aman secures $900m investment

Lifestyle brand Aman Group has secured $900million of investment as it looks to accelerate its global expansion of ultra-luxury hotels and branded residences.

The investment comes from two strategic partners – The Public Investment Fund (PIF) and Cain International.

In a statement, Aman said the investment will be used to further enhance the existing portfolio, drive the construction of the pipeline of Aman and Janu properties, as well as support the acquisition and development of additional sites.

Aman operates 34 hotels in 20 countries, 12 of which include Aman Branded Residents. A further nine hotels and residence projects are under construction in destinations including the US, Japan, Mexico, South Korea and Saudi Arabia.

Separately, Aman Real Estate Holdings owns or part owns 16 of the 345 Aman hotels. However, Aman said these ownership interests were not part of the new investment round.

The brand said it had generated $2.4billion in sales of Aman Branded Residence in the last 12 months.

Vlad Doronin, owner, chairman and chief executive of Aman Group, said: ‘My long-term strategic vision has been to continue to grow the Aman brand in key marketing, 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.”

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