Latest news with #VladislavDoronin
Zawya
20-03-2025
- Business
- Zawya
PIF, Mubadala-backed Swiss firm Aman seeks to raise $2bln
Switzerland-based hotel firm Aman Group is looking to secure $2 billion in fresh capital to fund its global expansion efforts. The luxury hospitality brand, into which Gulf wealth funds and other investors ploughed approximately $1.3 billion over the last three years, intends to use the money to deliver more hotels across the Middle East and Africa, according to Bloomberg. The company is developing 23 hotels and hopes to expand Aman Residences, which offers properties around the world targeting affluent buyers who want to live a hotel-like lifestyle. 'We are working to expand the brand and we're working with different investment funds and in negotiation with a few different groups,' Aman CEO Vladislav Doronin told Bloomberg. In 2022, Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), and UK-based property investment firm Cain International invested $900 million in the hospitality group. In 2023, the company secured $360 million from Mubadala Capital, the investment arm of Abu Dhabi's sovereign wealth fund Mubadala Investment Company, and private equity fund Alpha Wave Ventures. Alpha is co-run by Alpha Wave Global and Chimera Capital, a division of Abu Dhabi's Royal Group, which is chaired by Sheikh Tahnoun bin Zayed Al Nahyan. (Writing by Cleofe Maceda; editing by Seban Scaria)
Bloomberg
19-03-2025
- Business
- Bloomberg
Ultra-Luxury Hotel Group Aman Seeks $2 Billion for Global Push
Aman Group, which builds and operates some of the world's most expensive hotels, is planning to raise as much as $2 billion from investors to help fuel the next leg of its global expansion. The fresh cash will help the Switzerland-based company make progress on the 23 hotel projects it has under development, according to Chief Executive Officer Vladislav Doronin. The firm is also focused on expanding Aman Residences, lavish homes with hotel-level amenities that it is building around the world.
