AMAN GROUP, the preeminent hospitality and lifestyle brand management company that operates ultra-luxury assets globally, and have secured US$900 million of investment to accelerate its global expansion of ultra-luxury hotels and branded residences, valuing the company at over US$3billion.
This demonstrates the success of Owner, Chairman and CEO, Vlad Doronin’s vision, strategy, and growth of Aman Group during his eight years of ownership.
Aman Group has secured investments totaling US$900 million from two strategic partners: The Public Investment Fund (PIF), one of the largest and most diverse sovereign wealth funds in the world; and Cain International (Cain), a privately held investment firm specializing in real estate-backed opportunities led by Cain’s CEO Jonathan Goldstein.
Through this investment, the company will enhance its existing portfolio, build its pipeline of Aman and Janu destinations, as well as acquire and develop additional properties.
As a renowned hotel group, Aman has 34 properties in 20 countries, including 12 Aman Branded Residences, in addition to nine more hotels and residences under construction and a pipeline of new destinations in countries such as the United States, Japan, Mexico, South Korea, Saudi Arabia, and Europe, among others.
Under Vlad Doronin’s leadership, Aman has become a world leader in ultra-luxury hospitality and real estate. The business has invested significantly in leading managerial talent and integrated professional systems to preserve Aman’s unrivalled offering.
This has also increased operational efficiency and margins, alongside the expansion of the brand with several upcoming developments. Additionally, Aman Real Estate Holdings owns or partly owns 16 of the 34 Aman hotels, although such ownership interests were not acquired in this transaction.
Speaking on the PIF and Cain investments, 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,” he said.
Meanwhile Turqi Al-Nowaiser, Deputy Governor and Head of International Investments Division at PIF, said our investment in Aman Group reflects PIF’s belief in the current potential of the hospitality and tourism industry, both internationally and in Saudi Arabia. The investment is in line with PIF’s strategy to invest in promising sectors to achieve sustainable, attractive returns in Saudi Arabia and globally.
Likewise, Jonathan Goldstein, CEO and co- founder of Cain International said 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 travelers’ arid investors alike to prioritize experiences supported by preeminent brands like Aman. This investment represents a unique opportunity to further enhance this portfolio of unrivalled destinations,” he concluded. [sources/photo special]