Aman Group, a luxury hospitality establishment, has secured a $360 million investment from a group including a UAE wealth fund and an investment firm, a Bloomberg report said.

 

The investment values Aman, run by CEO Vlad Doronin, at $3 billion, the hospitality firm said on Friday in a statement. 

 

The funds come from a group that includes a unit of Abu Dhabi wealth fund Mubadala Investment Co and Alpha Wave Ventures, a private equity fund co-managed by US firm Alpha Wave Global and Chimera Capital, said the report.

 

Aman secured a $900 million investment last year from Saudi Arabia’s Public Investment Fund and Cain International.

 

The investment will be used to enhance the existing portfolio, drive the construction pipeline of new Aman and Janu-branded properties, and support the acquisition and development of additional sites, Cain said at the time.

 

Aman Group has 34 hotels in 20 countries, including 12 branded residences, and another nine properties under development, including in Saudi Arabia and the United States.