London-based RE firm Cain International strikes €885m luxury hotel deal

The transaction values Aman Group at $3 bn.

The investment in Aman represents a milestone for Cain, extending its reach to Asia, the Caribbean, and Africa. The firm has partnered with several leading luxury operators in the US and Europe including Raffles, Six Senses, Maslow’s Group, Soho House, and the Rosewood Hotel Group.

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 countries including the US, Japan, Mexico, South Korea, Saudi Arabia, and across Europe.

Affiliates of Aman own or part-own 16 of the 34 hotels, although such ownership interests were not part of this transaction.

Since Vlad Doronin acquired the group in 2014, the business has invested significantly in management and system upgrades.

‘We are excited to be investing in this phenomenal brand and look forward to building upon our longstanding partnership with Vlad and his team,’ said Jonathan Goldstein, CEO and co- founder of Cain.

‘As the hospitality landscape continues to evolve, we expect to see a growing desire for travellers and investors alike to prioritize experiences supported by preeminent brands like Aman. This investment represents a unique opportunity to further enhance this portfolio of unrivalled destinations.’

In June, Cain announced Aman as the flagship operator at One Beverly Hills, the 17.5-acre mixed-use urban resort it is developing in Beverly Hills. The firm is also in partnership with Vlad Doronin’s OKO Group on multiple projects in South Florida including two luxury condominium towers in Miami and 830 Brickell, a 725- foot Class-A office tower in the city’s emerging financial district.