Pre-eminent hospitality and lifestyle brand, Aman Group, has secured further investment of $360million 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.
This follows an investment of $900million from two additional partners – Public Investment Fund and Cain International – and sees the company valued at $3billion. 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.
The investment represents a further confirmation of the success of the Aman Group business strategy. Aman’s brand proposition and premium quality has positioned the business as a world-leader in ultra-luxury hospitality and real-estate. The company’s value is demonstrated through its market-leading premiums secured for average daily rates, as well as the unrivalled price per square foot of its Aman Branded Residences.
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. 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 is a renowned 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 USA, Japan, Mexico, South Korea, Saudi Arabia, and several European destinations. Aman Group’s sister-brand, Janu, will launch its flagship destination, Janu Tokyo this winter, seeing the company tap into a different audience demographic with the ambition to encourage meaningful connection between like-minded guests.
Vlad Doronin remains the majority shareholder and previous investors The Public Investment Fund (PIF) and Cain International (Cain) have also retained their existing stake in the business.
