VICI, Cain, and Eldridge Industries Announce Strategic Relationship Dedicated to Unique Experiential Real Estate
- Launches with VICI’s
- Marks the Beginning of a Broader Collaboration Focused on Transformative, Experience-Driven Real Estate Investments
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Rendering of
One
Alongside its hospitality and residential offerings,
The Project has already commenced construction and is expected to be completed late 2027.
Key components of
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Aman Beverly Hills : OneBeverly Hills will includeAman Beverly Hills as its centerpiece, the brand’s firstWest Coast destination, featuring an all-suiteAman Hotel and Aman-branded residences designed byKerry Hill Architects overlooking theLos Angeles Country Club and lush private gardens. Residents will enjoy access to Aman’s signature amenities, including anAman Club , the brand’s private global membership club offering wellness, dining, and social spaces.
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The Beverly Hilton : Longtime host of the Golden Globes and the annualMilken Institute conference,The Beverly Hilton is a cornerstone of Beverly Hills’ hospitality landscape. As part of theOne Beverly Hills development, the hotel will undergo a renovation byDavid Collins Studio , blending contemporary design with its rich heritage. The refurbishment will enhance the guest experience while preserving the hotel’s legacy, ensuring it remains a premier destination for generations to come.
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Retail and F&B:
One
Beverly Hills will feature a carefully curated selection of luxury retail and dining that complements the world-renowned shopping and hospitality of nearbyRodeo Drive , integrating into the development’s broader vision with a dynamic mix of global brands, high-end boutiques, and world-class culinary destinations.
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Botanical Gardens : Over 10 acres of botanical gardens and open space, designed by award-winning landscape architectMark Rios , will shape the landscape of the development, creating a lush, walkable environment that blends nature with urban sophistication and provides a tranquil setting for residents, guests, and visitors. The outdoor space will include 5.5 acres of private botanical gardens exclusively for Aman residents, hotel guests, and club members, while 4.5 acres will be open to the public for the first time.
Key Commentary:
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Experiential Tailwinds -
Todd Boehly , Chairman and CEO ofEldridge Industries , majority owner ofCain International : “Our partnership with VICI and AMAN brings together preeminent luxury brands and exceptional real estate, makingOne Beverly Hills one of the most exciting and cutting-edge developments in the country." -
Future of Real Estate and LA -
Jonathan Goldstein , Co-Founder & CEO ofCain International : "The industry is evolving, with demand shifting towards developments that blend luxury, hospitality, and experience to create enduring destinations—and we believeOne Beverly Hills will be one of the most impactful blueprints for the future of real estate. VICI’s investment not only underscores the strength of world-class projects like this, it reinforces Los Angeles’ position as a leading global city, and we are delighted to be partnering with them in our shared commitment to this vision." -
Relationship-Based Capital -Edward Pitoniak , CEO ofVICI Properties : “Since VICI emerged in 2017, we have grown our company by growing our relationships. We have identifiedCain International andEldridge Industries as partners we intend to grow with for years to come. We’re excited to begin our relationship with VICI’s commitment toOne Beverly Hills , a powerful example of Cain’s distinct ability to envision and develop compelling experiential complexes in the world’s leading destinations.”
VICI funded the investment with a combination of cash on hand and drawing down funds under its existing revolving credit facility.
In addition to this release,
About
About
Beyond its direct real estate investments, Cain’s experiential and lifestyle portfolio spans premium hospitality, sports, and immersive entertainment. Its portfolio includes high-profile assets such as The
Cain is a partnership between its CEO,
About
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the federal securities laws. You can identify these statements by our use of the words “assumes,” “believes,” “estimates,” “expects,” “guidance,” “intends,” “plans,” “projects,” “will,” and similar expressions that do not relate to historical matters. All statements other than statements of historical fact are forward-looking statements. You should exercise caution in interpreting and relying on forward-looking statements because they involve known and unknown risks, uncertainties, and other factors which are, in some cases, beyond VICI’s control and could materially affect actual results, performance, or achievements. Among those risks, uncertainties and other factors are risks that the transactions may not be consummated on the terms or timeframe described herein, or at all; the ability of the parties to satisfy the conditions set forth in the definitive transaction documents for the transactions, including the ability to receive, or delays in receiving, the governmental and regulatory approvals and/or consents required to consummate the transactions; the terms on which VICI finances the transactions, including the source of funds used to finance such transactions; disruptions to the real property and operations of the subject property during the pendency of the closing of the transactions; and the historical financial and operating results of the subject property may not be a reliable indicator of their future results. Additional important risk factors that may affect VICI’s business, results of operations and financial position (including those risks relating to VICI’s pending and recently completed transactions) are detailed from time to time in VICI’s filings with the
Press Release Category: Transactions
View source version on businesswire.com: https://www.businesswire.com/news/home/20250219403839/en/
Investors:
Investors@viciproperties.com
(646) 949-4631
Or
EVP, Chief Financial Officer
DKieske@viciproperties.com
SVP, Capital Markets
MMcCloskey@viciproperties.com
LinkedIn:
www.linkedin.com/company/vici-properties-inc
General Enquiries:
media@cainint.com
Ndamouni@prosek.com
Source: