Aman Seeks $2 Billion for Global Expansion
Funding | Mar 20, 2025 | Zawya
Switzerland-based Aman Group seeks to raise $2 billion to fund its global expansion in the luxury hospitality sector. Leveraging previous investments of around $1.3 billion from Gulf wealth funds and other investors, Aman plans to deploy this capital to develop additional hotels throughout the Middle East and Africa. The group is actively expanding Aman Residences, which caters to affluent clients desiring a lifestyle blending residential and hospitality experiences. Aman CEO Vladislav Doronin confirmed ongoing negotiations with various investment funds. Key past investors include Saudi Arabia's Public Investment Fund (PIF), UK-based Cain International, Mubadala Capital from Abu Dhabi, and Alpha Wave Ventures. These investments highlight the region's appetition for luxury, world-class projects that capture the imagination of high-net-worth individuals.
Sectors
- Hospitality
- Investment
Geography
- Switzerland – Aman Group is based in Switzerland.
- Middle East – The group targets expansion in the Middle East, leveraging investments from regional wealth funds.
- Africa – Aman Group plans to expand its hospitality offerings across Africa.
Industry
- Hospitality – Aman Group operates in the luxury hospitality sector, focusing on developing high-end hotels and residences.
- Investment – The article involves significant investment activity from sovereign wealth funds and private equity firms, indicating high interest in the hospitality sector's growth.
Financials
- $2 billion – The amount Aman Group seeks to raise for expansion.
- $1.3 billion – Total investment into Aman Group over the last three years.
- $900 million – Investment from PIF and Cain International in 2022.
- $360 million – Investment from Mubadala Capital and Alpha Wave Ventures in 2023.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Aman Group | Target company | Company | A Switzerland-based luxury hotel firm seeking funding for expansion. |
| Public Investment Fund (PIF) | Investor | Company | Saudi Arabia's sovereign wealth fund, previously invested $900 million in Aman Group. |
| Cain International | Investor | Company | UK-based property investment firm also invested in Aman Group. |
| Mubadala Capital | Investor | Company | Investment arm of Abu Dhabi's sovereign wealth fund; invested $360 million in Aman. |
| Alpha Wave Ventures | Investor | Company | Private equity fund co-run by Alpha Wave Global and Chimera Capital, also invested in Aman. |
| Vladislav Doronin | CEO | Person | CEO of Aman Group, actively engaging with investors for expansion. |