Aman has never opened on the West Coast. The hotel that will change that sits inside eight acres of botanical garden at the corner of Wilshire and Santa Monica, and the people buying the apartments above it are now helping to pay for the concrete.
Seventy-eight suites. That is the whole hotel, set on a seventeen-and-a-half-acre site that took years to assemble out of the land around the Beverly Hilton and the Waldorf Astoria Beverly Hills. Aman gives 2028 as its opening year.
Kerry Hill Architects drew it. The practice has shaped more of the Aman look than any other, and the brief here leans on Californian modernism: low horizontals, stone, deep overhangs, rooms that open onto planting rather than onto a street. Eight of the site’s acres go to gardens, planted at the centre rather than pushed to the edges.
The site
One Beverly Hills is a joint venture between Alagem Capital Group and Cain International, with OKO Group and Eldridge among the partners. OKO belongs to Vladislav Doronin, who also owns Aman, which is how the brand ended up here rather than on a prettier corner of the city.
Three buildings go up. Two are residential towers. The third carries the hotel, the Aman Club and a run of shared spaces, all of it arranged around the planting. Pedestrian paths thread the campus, which is unusual for this stretch of Los Angeles, where almost nothing is walked.
The arrival court, drawn by Kerry Hill Architects · Courtesy of Aman
The money
In March the project closed a financing package of 4.3 billion dollars, with J.P. Morgan leading on a 2.8 billion dollar senior loan and VICI Properties taking a 1.5 billion dollar mezzanine position. That was reported as enough to finish the job.
Cain has since gone to its buyers. The instrument is called a Founder Bond, it pays five percent, and it is offered to people already under contract on an Aman residence. Around 350 million dollars has come in. The target has been put above 1.6 billion.
California caps a developer’s deposit at three percent of the purchase price and forbids spending it on construction. A bond is not a deposit, so none of that applies. Buyers are lending rather than prepaying, and the money can go into the ground immediately.
Every hotel is financed by someone. This one is being financed by the people who will live above it.
The Splendid EditThe flats
The residences have been selling at numbers Los Angeles had not previously seen. A penthouse was reserved in July at 200 million dollars, against a standing city record of 39.2 million. In June a buyer agreed 107 million for an unfinished full floor that Aman will build out to order, and further contracts have been reported at 46 million and 39.8 million. More than a billion dollars of the first tower has gone under contract or reservation since sales opened.
Hotel guests get the simpler version. Seventy-eight suites, a spa, the gardens, and the Aman Club next door, on a site that until recently was car parks and service roads behind a 1955 hotel. Beverly Hills has plenty of rooms. It has never had eight acres of garden in the middle of it.
Suite count, architect, garden acreage, club and residence mix and the 2028 opening year from Aman’s own Beverly Hills page, accessed 20 October 2026. Site assembly, ownership structure, the March 2026 financing, the Founder Bond programme and residence pricing from trade and real estate press reporting of March, July and October 2026.
Photography courtesy of Aman — © Aman, Aman Beverly Hills