UK investment firm Cain International and Saudi Arabia's sovereign
wealth fund are investing US$900 million into Aman Group to support the
brand's global expansion through acquisition and development.
Aman Group has 34 luxury hotels worldwide, including its first hotel in New York, which opened earlier this month.
The company has several properties in the pipeline, including hotels
in Miami Beach, Beverly Hills, Mexico's Baja California, Bangkok, Tokyo
and the island of Hokkaido in Japan.
Cain is developing the Aman Beverly Hills and also is in partnership
with Aman CEO Vlad Doronin's OKO Group on projects in South Florida,
including two luxury condominium towers in Miami and 830 Brickell, an
office tower in Miami's financial district.
Doronin, who bought Aman Group in 2014, said the investment by Saudi
Arabia and Cain "is a vote of confidence in my vision and the work the
team has done over the last eight years."
"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," Doronin said in a statement.
Twelve of Aman's 34 hotels have branded residences, including the
recently opened New York property. The Miami Beach and Beverly Hills
hotels will also have private residences.
Commenting on Cain's investment, Cain International co-founder
Jonathan Goldstein said he "expects to see a growing desire for
travellers to prioritise experiences supported by preeminent brands like
Source: Travel Weekly