Aman Group is poised to expand globally after securing a further investment of US$360 million on top of its existing investment of US$900 million from Public Investment Fund and Cain International, bringing the company value to US$3 billion.
The second investment comes from a group of strategic partners, including Mubadala Capital, the asset management subsidiary of Abu Dhabi’s Mubadala Investment Company, and Alpha Wave Ventures, a private equity growth fund co-managed by Alpha Wave Global and Chimera Capital.
The future commitments from this strategic group of investors will support the company’s ongoing global expansion, securing future Aman and Janu projects, and new brand development.
Speaking on the investment, Vlad Doronin, owner, chairman and CEO of Aman Group, said: “My long-term strategic vision has been to create ecosystems which centre on the complete Aman lifestyle both in urban destinations and resort settings. The proven success of this model, while always retaining the brand’s DNA, has resulted in a diverse pipeline which will enable us to continue to create unparalleled experiences for our guests and owners.
He continued: “The validation of Aman’s strategy by prominent investors in regions where we have considerable expansion planned enables us to leverage the extraordinary potential of the Aman brand and accelerate the pipeline to deliver sustainable growth.”
Aman currently has a collection of 34 hotels across 20 countries, 12 of which include Aman Branded Residences, with a robust pipeline of further hotels and residences projects under construction in countries including the US, Japan, Mexico, South Korea, Saudi Arabia, and several European destinations.
Meanwhile, the group’s sister-brand, Janu, will launch its flagship destination, Janu Tokyo this winter.
