Aman Group has seen the value of the company increase significantly after strategic partners ploughed US$360 million into the luxury hospitality brand.
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, were behind the latest injection, which follows an investment of US$900 million from two additional partners – Public Investment Fund and Cain International. Collectively, Aman Group is now valued at US$3 billion.
The future commitments from the strategic group of investors will support the company’s ongoing global expansion, securing future Aman and Janu projects, and new brand development.
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Aman said the investment represents “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.”
“My long-term strategic vision has been to create ecosystems which centre on the complete Aman lifestyle both in urban destinations and resort settings,” said Vlad Doronin, Owner, Chairman and CEO of Aman Group.
“The proven success of this model, while always retaining the brand’s DNA, has resulted in a diverse pipeline that 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,” Doronin said.
Aman is a renowned collection of 34 hotels across 20 countries, 12 of which include Aman Branded Residences. The company has a strong pipeline of further hotels and residences projects under construction in countries including United States, Japan, Mexico, South Korea, Saudi Arabia, and several European destinations.
Aman Group’s sister-brand, Janu, will launch its flagship destination, Janu Tokyo soon, seeing the company tap into a different audience demographic.
While Janu Tokyo will open later this year, the website of Aman’s sister-brand indicates that another “11 destinations in 10 countries” are on the horizon.
“Janu seeks out destinations that exude a unique energy and vibrancy, mirroring the essence of its first outpost in Japan’s capital,” the website shares.
“Janu’s global tapestry will continue to unfold over the coming years with other pipeline projects including AlUla, Saudi Arabia (2025), Diryah, Saudi Arabia (2026), and beyond with a robust wider pipeline including Turkey, Thailand and South Korea amongst others.”
Another property for Janu in Montenegro was flagged several years ago, prior to the pandemic. Other confirmed destinations for Janu include Maldives, Dubai and Portugal, while other forthcoming projects are expected to be revealed in due course.
Vlad Doronin remains the majority shareholder and previous investors The Public Investment Fund and Cain International have also retained their existing stake in the business.