Cain International, Saudi Arabia’s PIF pour $900m into luxury hotel group Aman

Cain International, a London-based privately held investment firm focused on real estate–backed opportunities, has joined with Saudi Arabia's Public Investment Fund (PIF) to invest $900 million in Aman Group.

The investment will help support the brand’s global expansion of ultra-luxury hotels and branded residences.

Aman Group comprises a collection of 34 hotels across 20 countries, 12 of which include Aman Branded Residences, with nine further hotels and residences projects currently under construction. A committed pipeline of additional destinations has been secured in places including the United States, Japan, Mexico, South Korea, Saudi Arabia and Europe. Affiliates of Aman own or part-own 16 of the 34 hotels, although such ownership interests were not part of this transaction.

Aman said the investment will be used to enhance Aman’s existing portfolio, drive the construction pipeline of new Aman and Janu-branded properties, and support the acquisition a