PIF, Cain International invest $900 mln investment in Aman Group

Logo of the Public Investment Fund

Aman Group, the preeminent hospitality and lifestyle brand management company that operates ultra-luxury assets globally, has secured $900million of investment (SAR 3.4 billion) from the Public Investment Fund (PIF) and Cain International (Cain), a privately held investment firm specialising in real estate-backed opportunities.

The investment aims to accelerate Aman Group’s global expansion of ultra-luxury hotels and branded residences. It will be also used to enhance Aman’s existing portfolio, drive the construction of its pipeline, as well as support the acquisition and development of additional sites, according to an official statement. 

Aman’s portfolio was founded in 1988. Aman is a renowned 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, amongst others. 

Aman noted that it has set the foundation over the last eight years, valuing the company at over $3 billion.