On Wednesday, VICI Properties Inc., Cain International, and Eldridge Industries announced a new strategic partnership focused on investing in high-growth real estate that prioritizes unique experiences. The collaboration begins with VICI’s $300 million investment in a mezzanine loan for One Beverly Hills, an iconic 17.5-acre luxury mixed-use development currently under construction.
According to VICO CEO Edward Pitoniak, the company has expanded by cultivating strong relationships since its inception in 2017. They have identified Cain International and Eldridge Industries as long-term partners and are eager to begin their collaboration with the commitment to One Beverly Hills. This project showcases Cain’s exceptional ability to envision and develop immersive destinations in top global locations.
One Beverly Hills will feature Aman Beverly Hills as its anchor tenant, marking Aman’s first West Coast hotel along with branded residences and an exclusive Aman Club within the development. Completion is expected by late 2027.
This news was originally published on Connect CRE.
