Vladislav Doronin's Aman opened five luxury resorts across three continents between late 2023 and mid-2025, executing a coordinated expansion that marks the fastest deployment cycle in the group's 36-year history. The properties—Aman Rosa Alpina in Italy's Dolomites, a new Maldives location, Aman New York with a $40,000-per-night private residence, a refreshed Amanyara in Turks and Caicos, and one secondary-market property—represent a deliberate shift from the brand's historical pace of one opening every 18 to 24 months.
Aman Rosa Alpina, the group's third European property, occupies a renovated alpine structure in San Cassiano with three pools and 54 keys. Aman New York, which opened in Manhattan's Crown Building, offers 83 suites and a three-bedroom, 3,700-square-foot private residence with Central Park views and an infinity pool. Amanyara's 2024 refresh updated all 38 pavilions and 20 villas across an 18,000-acre nature reserve on Turks and Caicos' northwest coast. The Maldives property, the brand's third in the archipelago, follows Amanzoe's 2013 debut and Amanfushi's positioning in Baa Atoll.
The timing matters because Aman is testing whether ultra-high-net-worth travelers will accept faster portfolio expansion without dilution. Doronin, who acquired Aman in 2014 for approximately $358 million, has historically maintained scarcity as a pricing lever—the group operated 34 properties globally at the end of 2022. Adding five in 18 months increases total inventory by roughly 15 percent, the steepest climb since Doronin's tenure began. Single-family offices tracking luxury hospitality allocations should note that Aman's average daily rates have held above $1,500 across its portfolio, suggesting demand elasticity remains intact despite supply expansion.
The property mix reveals strategic thinking. Aman Rosa Alpina enters a Dolomites market dominated by Rosewood Castiglion del Bosco and Lefay, where winter inventory scarcity historically pushed rates above €2,000 per night during peak ski season. Aman New York competes directly with The Mark's penthouse and Four Seasons Private Residences for billionaire family stays exceeding one week. Amanyara's refresh positions the property against Parrot Cay by COMO and Grace Bay Club, both of which raised rates 12 to 18 percent in 2023. The Maldives addition targets clients rotating between Soneva Fushi, Cheval Blanc Randheli, and existing Aman properties—a circuit that generates roughly $85,000 per trip per couple when factoring private aviation.
Luxury hospitality development directors should watch three follow-on signals. First, construction timelines for Aman's pipeline properties—including locations in Mexico and Saudi Arabia—will indicate whether Doronin accelerates beyond the 18-month cadence or returns to the historical pace by Q2 2026. Second, occupancy data from Aman Rosa Alpina's first winter season will clarify whether European ultra-high-net-worth travelers accept new Aman properties as readily as Asian and Middle Eastern clients. Third, pricing adjustments at Aman New York's private residence between now and December 2025 will signal whether Manhattan's luxury hospitality market can sustain $40,000 nightly rates outside peak holiday weeks.
Aman currently has seven additional properties in active development, with at least three scheduled for completion before the end of 2027.
The takeaway
Aman's 18-month, five-property expansion cycle tests whether ultra-luxury hospitality can accelerate without rate compression.
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