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Aman Resorts
PLATINUM · May 25, 2026
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HENRI IV · May 25, 2026

Aman Opens $2B+ North American Pipeline: New York, Beverly Hills, Texas Ranch, Baja

Four reservable properties mark the group's first coordinated U.S. expansion in a decade, betting urban and ranch formats can carry $3,000+ ADRs.

Aman Resorts opened booking windows last week across four North American properties—New York City, Beverly Hills, a Texas ranch with full stabling, and Amanvari in Baja California's East Cape—marking the first coordinated stateside expansion since its 2014 retreat from most development announcements. Amanvari confirmed an August 1, 2026 opening date with 18 casitas priced from $2,800 per night; the others remain undated but reservable for late 2026 or 2027 blocks.

The move represents a format pivot for a group that built its reputation on remote temple conversions and island hideaways. New York will occupy a converted Midtown tower. Beverly Hills plans a Rodeo Drive adjacency. The Texas property—unnamed, location unspecified—will be Aman's first with serviced stables, targeting the equestrian allocation overlap between Blackadder and Estancia de Cafayate buyers. All four sites share a strategy: test whether Aman's $200M lifetime-guest database will pay urban and ranch premiums historically reserved for Bhutan monasteries and Adriatic forts.

The timing matters for three reasons. First, Aman's ownership—LVMH-adjacent investor Vladislav Doronin's Aman Group holds the brand since 2014—has been silent on U.S. ground-up development outside Miami since the 2008 cycle. This pipeline suggests either balance-sheet confidence or pre-sale pressure from branded-residence buyers who've been sitting on Costa Palmas deposits since 2019. Second, competitors already occupy the luxury-urban lane: Rosewood's Californian properties run 85% annual occupancy at $1,400 ADR; Aman will need $3,200+ to justify construction costs, meaning it's targeting the 160 families globally who book Four Seasons jets, not locals booking anniversary weekends. Third, Baja's East Cape has seen $840M in hospitality investment announcements since 2021—Amanvari, Four Seasons Cap Cana's sibling project, Zadun Ritz-Carlton Reserve—but finished inventory remains under 400 keys total, and Hurricane Norma proved in 2023 that infrastructure fragility persists.

Operators should watch three follow-on signals in the next eight months. First, whether Aman prices Texas stabling as an amenity or a separately billed experience; if billed separately at $800+ per day, it signals confidence in a thin but high-spend segment. Second, whether New York's room count stays under 80 keys—the threshold below which urban Aman properties historically avoid diluting scarcity. Third, whether Amanvari's August opening holds or slips into Q4 2026; Costa Palmas's shared infrastructure has faced permitting delays, and any Amanvari postponement would cascade into the Texas and California timelines given shared design and FF&E procurement teams.

Aman last opened a U.S. property in 2000 with Amangani in Wyoming, then stayed dormant stateside until announcing Miami Beach residences in 2014. This four-site bet assumes the brand's 22% repeat-guest rate—higher than any competitor outside Aman itself—will translate from temples to towers. The operating thesis will be tested when Amanvari starts taking August 2026 arrivals in fourteen months.

The takeaway
Aman's four-property U.S. pipeline tests whether **$3,000+** ADRs can move from remote resorts to urban towers and ranch formats, with Baja's August 2026 opening as the proving ground.
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