Aman Resorts Revenue, Valuation, Funding & Investors

Aman Resorts is valued at $3B as of September 2023.

Last Aman Resorts valuation

$3B

Undisclosed stage · Sep 2023

Last Aman Resorts funding round

$360M

Undisclosed stage · Sep 2023

Aman Resorts revenue

$518M

Undisclosed stage · Aug 2022

Key investors in Aman Resorts

  • Mubadala
  • Alpha Wave Global
  • Saudi Arabia's Public Investment Fund
  • Cain International
  • Chimera Capital Management

Aman Resorts Overview

About Aman Resorts

Aman Resorts is a Baar-headquartered luxury hospitality group operating 36 properties across 20 countries including Indonesia, Japan, Thailand, and the United States. Properties occupy remote natural sites such as tropical islands, mountain retreats, and urban oases, each with 20 to 80 rooms for personalized service. The portfolio encompasses resorts, hotels, private residences, and branded residences developed in partnership with local architects. Aman Resorts debuted in 1988 with Amanpuri on Phuket's Pansea Beach.


Founded

1988

HQ

SwitzerlandBaar

Website

aman.com

Status

Privately held

Customer focus

B2C

Revenue model

Product sales

Revenue

$518M (Aug 2022)

Valuation

$3B (Sep 2023)

Aman Resorts Valuation

Aman Resorts is currently valued at $3B, based on its undisclosed-stage round in September 2023.

The $360M round included Mubadala, Alpha Wave Global and Chimera Capital Management.

Aman Resorts' valuation has moved from $3B at its undisclosed-stage round in August 2022 to $3B in September 2023, across 2 priced rounds.

Aman Resorts valuation by funding round

Revenue multiple
Aman Resorts valuation by funding round
DateStageValuationRevenue Multiple
Sep 2023Undisclosed stage$3B-
Aug 2022Undisclosed stage$3B5.8x

Aman Resorts Revenue

Aman Resorts' latest recorded revenue is $518M, as of its undisclosed-stage round in August 2022. At a $3B valuation, that implies a 5.8x revenue multiple.

Aman Resorts revenue by funding round

Aman Resorts revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Aug 2022$518M$3B5.8xUndisclosed stage

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Aman Resorts Funding History

Aman Resorts has raised a total of $1.3B across 2 funding rounds.

Aman Resorts' first fundraising round was a $900M undisclosed-stage round in August 2022. The most recent completed round was a $360M undisclosed-stage round in September 2023.

Aman Resorts funding rounds

Aman Resorts funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Sep 2023Undisclosed stageMubadala; Alpha Wave Global; Chimera Capital Management$360M$3BAman Group, a Swiss-based luxury hospitality company led by CEO Vlad Doronin, operates 34 hotels, resorts, and residence projects across 20 countries, including 12 Aman Branded Residences, with a pipeline in locations like the US, Japan, Mexico, South Korea, Saudi Arabia, and Europe. The company secured a $360 million investment in September 2023 from a consortium including Mubadala Capital (a subsidiary of Abu Dhabi’s Mubadala Investment Company), and Alpha Wave Ventures (co-managed by Alpha Wave Global and Chimera Capital), valuing the firm at $3 billion post-investment. This follows a prior $900 million investment in August 2022 from Saudi Arabia’s Public Investment Fund (PIF) and Cain International, which also valued Aman at $3 billion; Vlad Doronin remains the majority shareholder, with PIF and Cain retaining their stakes. The new funding supports Aman’s global expansion, including securing future Aman and Janu (its sister brand) projects, new brand development, and acceleration of its pipeline for sustainable growth. Janu Tokyo, the flagship for the social-connectivity-focused brand, was set to open that year, with additional Janu projects planned in the Maldives, Montenegro, Portugal, Saudi Arabia, South Korea, Thailand, Turkey, Turks & Caicos, and UAE. Aman emphasizes its ultra-luxury positioning with market-leading average daily rates and price per square foot for branded residences, partnering with entities like Doronin’s Oko Group on Miami developments and Diriyah Company on Saudi tourism destinations. The investment underscores confidence in Aman’s strategy in key expansion regions, leveraging its brand for premium hospitality and real estate ecosystems in urban and resort settings.
Aug 2022Undisclosed stageSaudi Arabia's Public Investment Fund; Cain International$900M$3BAman Group, a luxury hospitality brand operating 34 hotels across 20 countries with branded residences, secured a $900 million investment on August 15, 2022, from Saudi Arabia's Public Investment Fund (PIF) and Cain International to fund global expansion, portfolio enhancements, and new site developments. The transaction valued the company at $3 billion. The funds support construction of nine ongoing hotel and residence projects and a pipeline in the US, Japan, Mexico, South Korea, Saudi Arabia, and Europe. Aman noted strong performance with $2.4 billion in Aman Branded Residences sales over the prior 12 months and market-leading premiums on rates and square footage pricing. Under CEO Vlad Doronin since 2014, Aman has evolved into an ultra-luxury leader, owning or part-owning 16 hotels (not included in this deal), with PIF and Cain expressing confidence in its growth potential in hospitality and tourism.

Who has invested in Aman Resorts?

5 investors have backed Aman Resorts across its funding rounds, including Mubadala, Alpha Wave Global, Saudi Arabia's Public Investment Fund, Cain International and Chimera Capital Management.


Aman Resorts Investors

Investors in Aman Resorts by funding rounds participated
InvestorHQRoundsRoleFirst check
Saudi Arabia's Public Investment FundSaudi ArabiaRiyadh1ParticipantAug 2022
Cain InternationalUnited KingdomUnited Kingdom1ParticipantAug 2022
MubadalaUAEAbu Dhabi1ParticipantSep 2023

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Aman Resorts Competitors

Aman Resorts competitors include listed companies like SkiStar, Oriental Land, Hilton Grand Vacations and Red Rock Resorts, and private ones like Hudle and Mews.

Public and private companies comparable to Aman Resorts
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
SkiStarSwedenSwedenPublicly listed$472M$137M$1.3B3.2x
Oriental LandJapanJapanPublicly listed$4.5B$1.5B$32B6.7x
Hilton Grand VacationsUnited StatesUnited StatesPublicly listed$5B$759M$2.9B2.0x
Red Rock ResortsUnited StatesUnited StatesPublicly listed$2B$802M$3.1B3.3x
HudleIndiaDelhiPrivate--$2.8B-
MewsCzech RepublicPraguePrivate$100M-$2.5B25.0x

Aman Resorts Public Comps

Aman Resorts is still privately-owned, but its public comps include Hilton Grand Vacations, Red Rock Resorts, Imax, Shanghai Jin Jiang, Atlanta Braves Holdings, ITC Hotels, Isrotel, Wynn Macau, Melia Hotels and Toei Co..

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Hilton Grand Vacations$5B$759M2.1x2.0x14.0x9.4x
Red Rock Resorts$2B$802M3.4x3.3x8.4x8.2x
Imax$410M$130M7.5x6.8x23.5x14.9x
Shanghai Jin Jiang$2.1B$575M2.1x2.1x7.6x9.0x
Atlanta Braves Holdings$732M$98M5.6x5.3x42.0x62.0x
ITC Hotels$428M$145M7.5x7.0x22.1x20.2x
Isrotel$718M$190M4.4x-16.7x-
Wynn Macau$3.7B$815M2.1x2.0x9.6x7.8x

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Common questions about Aman Resorts

When was Aman Resorts founded?Aman Resorts was founded in 1988.
Where is Aman Resorts headquartered?Aman Resorts is headquartered in Baar, Switzerland.
Is Aman Resorts publicly listed?No, Aman Resorts is a private, VC-backed company.
What is Aman Resorts' valuation?Aman Resorts was last valued at $3B in its undisclosed-stage round in September 2023.
How much funding has Aman Resorts raised?Aman Resorts has raised $1.3B across 2 funding rounds.
What was Aman Resorts' last funding round?Aman Resorts' last funding round was a $360M undisclosed-stage round in September 2023.
Who are Aman Resorts' investors?Aman Resorts' investors include Saudi Arabia's Public Investment Fund, Cain International, Mubadala, Alpha Wave Global and Chimera Capital Management.
What is Aman Resorts' revenue?Aman Resorts' latest recorded revenue is $518M (August 2022).
What is Aman Resorts' revenue multiple?Aman Resorts' latest valuation implies a 5.8x revenue multiple ($3B valuation on $518M of revenue).
Which companies are comparable to Aman Resorts?Companies comparable to Aman Resorts include SkiStar, Oriental Land, Hilton Grand Vacations, Red Rock Resorts, Hudle and Mews.

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