The Public Investment Fund and London-based Cain International have invested $900 million in the hotelier company Aman Group, which values the Swiss hospitality brand at $3 billion.
The investment will fuel the development of new Aman and Janu-branded properties as well as the hospitality company’s plans to expand its portfolio of luxury hotels and branded residences across the globe. Furthermore, it will assist in the purchase and development of additional sites.
“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,” said Turqi Alnowaiser, deputy governor of PIF and head of the fund’s international investments division. “The investment is in line with PIF’s strategy to invest in promising sectors to achieve sustainable, attractive returns in Saudi Arabia and globally.”
The investment will fuel the development of new Aman and Janu-branded properties
The 34 hotels in 20 countries that make up the Aman Group feature Aman Branded Residences in 12 of those hotels, and nine other hotel and residence projects are now under construction. Sixteen of the 34 hotels are owned wholly or partially by affiliates of Aman, however, these ownership stakes were not included in this deal.
Aman has a pipeline of further initiatives in nations including the US, Japan, Mexico, South Korea, Saudi Arabia, and across Europe. Aman opened its New York hotel and private residences, which are situated on the upper floors of Manhattan’s landmark Crown Building, in early August.
Aman has a pipeline of further initiatives in nations including the US, Japan, Mexico, South Korea, Saudi Arabia, and across Europe
Vlad Doronin, the owner, Chairman, and CEO of the Aman Group, commented: “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 which offers the complete Aman lifestyle.”
“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 maximize the extraordinary potential of Aman .”
Arabic 
English