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The investment is from two\nstrategic partners: The Public Investment Fund (PIF) and Cain International<\/em><\/p>\n\n\n\n 16 August 2022<\/em> \u2013 Aman Group<\/strong>,\nthe preeminent hospitality and lifestyle brand management company that operates\nultra-luxury assets globally, has secured\n$900million of investment<\/strong> to accelerate its global expansion of\nultra-luxury hotels and branded residences, valuing the company over $3billion<\/strong>. This demonstrates the success\nof Owner, Chairman and CEO, Vlad\nDoronin\u2019s<\/strong> vision, strategy, and growth of Aman Group during his eight years\nof ownership.<\/p>\n\n\n\n Aman Group has secured investments totalling\n$900million<\/strong> from two strategic partners: The Public Investment Fund\n(PIF)<\/strong>, one of the largest and most diverse sovereign wealth funds in the\nworld; and Cain International (Cain)<\/strong>, a privately held investment firm\nspecialising in real estate-backed opportunities led by Cain\u2019s CEO Jonathan\nGoldstein.<\/strong> The investment will be used to enhance the existing portfolio<\/strong>,\ndrive the construction of the pipeline of Aman and Janu destinations<\/strong>, as\nwell as support the acquisition and development of additional sites.<\/strong> <\/p>\n\n\n\n Aman is a renowned collection of 34 hotels across 20 countries<\/strong>, 12 of which include Aman Branded\nResidences, with nine further hotels and\nresidences projects under construction<\/strong> and a committed pipeline of\nadditional destinations in countries including USA, Japan, Mexico, South Korea,\nSaudi Arabia, and European destinations, amongst others. <\/p>\n\n\n\n Under Vlad Doronin\u2019s leadership, Aman\u2019s brand\nproposition and premium quality has evolved to position the business as a world-leader in ultra-luxury hospitality\nand real-estate<\/strong>. The business has invested significantly in leading\nmanagerial talent and integrated professional systems to preserve Aman\u2019s\nunrivalled offering while increasing operational efficiency and margins,\nalongside expansion of the brand with several new developments. Separately, Aman Real Estate Holdings <\/strong>today owns or\npart-owns 16 of the 34 Aman hotels and was not part of this transaction. <\/p>\n\n\n\n The brand\u2019s value is visible through its market leading premiums for average daily\nrates<\/strong>, as well as the unrivalled\nprice per square foot achieved across Aman\u2019s Branded Residences<\/strong>. This\nreinforces the value guests place upon the Aman experience, renowned for its\nunparalleled service, exceptional locations and architecture, privacy, and\ngenerosity of space.<\/p>\n\n\n\n Aman has generated $2.4billion in sales of Aman Branded Residences<\/strong> over the last 12\nmonths, including fully committed sales at Aman\nResidences Tokyo, Japan (2023)<\/strong> and Aman\nMiami Beach Residences, USA (2024)<\/strong> prior to reaching the market. Similarly,\nAman New York Residences, USA (2022),\nAman Nai Lert Bangkok Residences, Thailand (2023), Amanvari Villas, Mexico\n(2024) Amanzoe Villas, Greece <\/strong>and\nAmanyangyun Villas, Shanghai, China<\/strong> are securing unprecedented premiums which\nreinforces the magnetism of the brand, with an expansive future pipeline of Aman Residences inventory<\/strong>.<\/p>\n\n\n\n Speaking on the PIF and Cain investments, Vlad Doronin, Owner, Chairman and CEO of\nAman<\/strong> Group<\/strong>, said: \u201cMy long-term strategic vision has been to continue\nto grow the Aman brand in key markets, all with Aman Branded Residences, as\nwell as creating an ultra-luxury ecosystem which offers the complete Aman\nlifestyle. We have set the foundation over the last eight years, celebrating\nthe brand\u2019s DNA while continuing our growth in global cities and remote\ndestinations. The investment from PIF and Cain International is a vote of\nconfidence in my vision and the work the team has done over the last eight\nyears, cementing the brand\u2019s evolution and ability to deliver this vision at\npace. Together we will deliver considerable growth and maximise the\nextraordinary potential of Aman.\u201d<\/em><\/p>\n\n\n\n Turqi Al-Nowaiser, Deputy\nGovernor and Head of International Investments Division at PIF, <\/em><\/strong>said \u201cOur investment in\nAman Group reflects PIF\u2019s belief in the current potential of the hospitality\nand tourism industry, both internationally and in Saudi Arabia.<\/em>The\ninvestment is in line with PIF\u2019s strategy to invest in promising sectors to\nachieve sustainable, attractive returns in Saudi Arabia and globally.\u201d<\/em><\/p>\n\n\n\n \u201cWe are excited to be\ninvesting in this phenomenal brand and look forward to building upon our\nlongstanding partnership with Vlad and his team,\u201d said Jonathan Goldstein,\nCEO and co- founder of Cain International<\/strong>. \u201cAs the hospitality landscape\ncontinues to evolve, we expect to see a growing desire for travellers and\ninvestors alike to prioritize experiences supported by preeminent brands like\nAman. This investment represents a unique opportunity to further enhance this\nportfolio of unrivalled destinations.\u201d<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" The investment is from two strategic partners: The Public Investment Fund (PIF) and Cain International 16 August 2022 \u2013 Aman Group, the preeminent hospitality and lifestyle brand management company that operates ultra-luxury assets globally, has secured $900million of investment to accelerate its global expansion of ultra-luxury hotels and branded residences, valuing the company over $3billion. …<\/p>\n","protected":false},"author":2,"featured_media":55129,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[439],"tags":[],"class_list":["post-55131","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-english-news"],"yoast_head":"\n