Aman Group has secured $900million investment from two strategic partners – The Public Investment Fund (PIF) and Cain International – to accelerate its global expansion, valuing the company at $3billion. The investment will be used to enhance the existing portfolio, drive the construction of the pipeline of Aman and Janu destinations, and support the acquisition and development of additional sites.

Aman currently has a collection of 34 hotels across 20 countries, 12 of which include Aman Branded Residences, with nine further hotels and residences projects under construction and a committed pipeline of additional destinations in countries including USA, Japan, Mexico, South Korea, Saudi Arabia and European destinations.

Under the leadership of Owner, Chairman and CEO Vlad Doronin over the past eight years, Aman has evolved to position itself as 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 offering while increasing operational efficiency and margins, alongside expansion of the brand with several new developments. Separately, Aman Real Estate Holdings today owns or part-owns 16 of the 34 Aman hotels, although such ownership interests were not part of this transaction.

“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 that offers the complete Aman lifestyle,” says Doronin. “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.”

TurqiAl-Nowaiser, Deputy Governor and Head of International Investments Division at PIF, comments: “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.

Jonathan Goldstein, co-founder and CEO of Cain International, adds: “We are excited to be investing in this phenomenal brand and look forward to building upon our longstanding partnership with lad and his team. As the hospitality landscape continues to evolve, we expect to see a growing desire for travellers and investors alike to prioritise experiences supported by preeminent brands like Aman. This investment represents a unique opportunity to further enhance this portfolio of unrivalled destinations.”