VICI Properties, Cain International, and Eldridge Industries have established a strategic relationship, pursuant to a non-binding letter of intent, dedicated to investing in high-growth, experience-driven real estate.
The letter of intent expresses the parties’ shared intention to work collaboratively to identify and pursue experiential investment opportunities that meet each party’s investment objectives. The collaboration launches with VICI’s $300 million investment into a mezzanine loan related to the development of One Beverly Hills, a landmark 17.5-acre luxury mixed-use development.
One Beverly Hills, developed by Cain and master planned by Foster + Partners, will be anchored by Aman Beverly Hills, bringing Aman’s first West Coast hotel, Aman-branded residences, and Aman Club to Beverly Hills. The masterplan also will include a full-scale refurbishment of The Beverly Hilton, preserving the Hollywood landmark’s status as a premier luxury destination while
