Swiss hospitality company Aman Group has secured $360m from a consortium, including 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.
Last August, Saudi Arabia’s sovereign wealth fund, the Public Investment Fund, and London-based investment company Cain International invested $900 million in the Aman Group, which valued the company at $3bn.
The future commitments from this group of investors will support the company’s global expansion of luxury hotels and branded residence, securing future Aman and Janu projects, and new brand development, the company said on Thursday.
“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,” said Vlad Doronin, owner, chairman and chief executive of the Aman Group.
The Aman Group includes 34 hotels across 20 countries, 12 of which include Aman Branded Residences, with projects in the pipeline or under construction in countries such as the US, Japan, Mexico, South Korea, Saudi Arabia and Europe.
The Aman Group’s sister-brand, Janu, will unveil its flagship Janu Tokyo project this year.
