VICI Properties commits $150m to Canyon Ranch
Canyon Ranch, operator of destination health spa resorts, has received an additional $150 million from VICI Properties.
It is part of the Canyon Ranch–VICI Growth Partnership.
“At VICI, we seek to invest in experiential real estate centered on experiences benefiting from longer-term secular tailwinds,” said Edward Pitoniak, CEO of VICI Properties. “We believe wellness is one of the most powerful trends of our time.”
The announcement comes as Canyon Ranch sets its sights on Texas as the first location to debut both a destination resort and Canyon Ranch Wellness Clubs within one market. The inaugural Wellness Club opens this fall in Fort Worth, with a Houston location in summer 2024, and the Canyon Ranch Austin resort opens in 2025. The Canyon Ranch Austin development will be located on a beautiful hill country ranch on the shores of Lake Travis and is designed by Lake / Flato Architects. In addition, the two Canyon Ranch Wellness Clubs in development in