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On Wednesday, VICI Properties Inc., Cain International, and Eldridge Industries announced a strategic partnership focused on investing in high-growth real estate that offers unique experiences. This 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 fostering strong relationships since its inception in 2017. They have identified Cain International and Eldridge Industries as long-term partners and are excited to kick off this partnership with their investment in One Beverly Hills. The project is a prime example of Cain’s expertise in envisioning and developing exceptional experiential complexes within top global destinations.
One Beverly Hills will feature Aman Beverly Hills as its anchor tenant, marking Aman’s first West Coast hotel along with Aman-branded residences and an exclusive Aman Club all located within the prestigious neighborhood of Beverly Hills. The development is expected to be completed by late 2027.
This news was originally published on Connect CRE.
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