Hot from the opening of New York City’s most expensive hotel, the Aman Group has secured a huge investment increasing its global value to $3 billion.

Renowned for its exclusive and transformative resorts, Aman Group has received a $900 million investment from two strategic partners – Saudia Arabia’s Public Investment Fund (PIF) and London-based real estate investment firm Cain International.

The investment is set to help increase its global expansion in the hotel and lifestyle sector.

The hospitality group currently has 34 hotels across 20 countries, including Aman branded residences and private clubs.

Funding will also support nine further hotels and residences projects currently under construction and additional destinations in countries including Saudi Arabia, Japan, Mexico, South Korea, USA and various European destinations.

The brand has also reportedly generated $2.4billion in sales of Aman Branded Residence in the last 12 months, along with fashion, lifestyle, and beauty lines.

Vlad Doronin, Owner, chairman and chief executive of Aman Group, said: “My long-term strategic vision has been to continue to grow the Aman brand in key marketing, all with Aman Branded Residences, as well as creating an ultra-luxury ecosystem which offers the complete Aman lifestyle. We have set the foundation over the last eight years, celebrating the brand’s DNA while continuing our growth in global cities and remote destinations. The investment from PIF and Cain International is a vote of confidence in my vision and the work the team has done over the last eight years, cementing the brand’s evolution and ability to deliver this vision at pace. Together we will deliver considerable growth and maximise the extraordinary potential of Aman.”

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