Pictured: Aman Beverly Hills, one other latest joint improvement between Aman Group and Cain Worldwide.
Swiss-headquartered Aman Group has acquired $900 million of finance from non-public funding agency Cain Worldwide along with Saudi Arabia’s Public Funding Fund.
The hospitality group will spend the funding to assist the model’s world growth of ultra-luxury motels and branded residences. The transaction values Aman Group at $3 billion.
The funding will likely be used to reinforce the present portfolio, drive the development pipeline of latest Aman and Janu-branded properties, and assist the acquisition and improvement of extra websites.
Aman Group at the moment contains a set of 34 motels throughout 20 international locations, 12 of which embody Aman Branded Residences, with 9 additional motels and residences initiatives at the moment underneath development.
A dedicated pipeline of extra locations has been secured in international locations together with america, Japan, Mexico, South Korea, Saudi Arabia, and throughout Europe. Associates of Aman personal or part-own 16 of the 34 motels, though such possession pursuits weren’t a part of this transaction.
Vlad Doronin, proprietor, chairman and CEO of Aman Group, mentioned: “My long-term strategic imaginative and prescient has been to proceed to develop the Aman model in key markets, all with Aman Branded Residences, in addition to creating an ultra-luxury ecosystem which gives the entire Aman life-style.
“We now have set the muse during the last eight years, celebrating the model’s DNA whereas persevering with our progress in world cities and distant locations. The funding from PIF and Cain Worldwide is a vote of confidence in my imaginative and prescient and the work the staff has finished during the last eight years, cementing the model’s evolution and skill to ship this imaginative and prescient at tempo. Collectively we are going to ship appreciable progress and maximise the extraordinary potential of Aman.”
Cain Worldwide CEO and co-founder Jonathan Goldstein added: “We’re excited to be investing on this phenomenal model and stay up for constructing upon our longstanding partnership with Vlad and his staff.
“Because the hospitality panorama continues to evolve, we anticipate to see a rising need for travellers and traders alike to prioritise experiences supported by preeminent manufacturers like Aman. This funding represents a singular alternative to additional improve this portfolio of unrivalled locations.”
In June, Cain introduced Aman because the flagship operator at One Beverly Hills, the 17.5-acre mixed-use city resort it’s growing in Beverly Hills. Aman Beverly Hills will ship 42 higher upscale keys to the model in 2026.