Skift Take
Major investments in the hospitality supergroup Aman are letting it expand more quickly. Look for its spin-off brand Janu to add 11 properties, from Turks and Caicos to Dubai, over the next four years.
Luxury hospitality juggernaut Aman is entering an unprecedented period of growth. After amassing 34 luxury hotels in 35 years, it now plans to open 11 hotels and resorts for its off-shoot brand Janu over the next four years, Skift has learned.
The move comes in the wake of last week's announcement that it would receive $360 million from United Arab Emirates (UAE) royals and their investment corps. The investors include a unit of Abu Dhabi wealth fund Mubadala Investment Co. and Alpha Wave Ventures, a private equity fund co-managed by U.S. firm Alpha Wave Global and Chimera Capital.
Janu's Growth SpreeThe Janu brand is Aman’s engine for development. While Aman is more about ultra-lu