Cain International
NEW YORK, NY – February 19, 2025 – VICI Properties Inc. (NYSE: VICI) (“VICI” or “VICI Properties”), Cain International (“Cain”), and Eldridge Industries today announced that the parties 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 will also include a full-scale refurbishment of The Beverly Hilton, preserving the Hollywood landmark’s status as a premier luxury destination while integrating it into the broader masterplan.
Alongside its hospitality and residential offerings, One Beverly Hills will feature 10 acres of botanical gardens and open space, creating a lush, walkable setting with high-end retail, dining, and cultural experiences woven into the landscape.
The Project has already commenced construction and is expected to be completed late 2027.
Todd Boehly, Chairman and CEO of Eldridge Industries, majority owner of Cain International said: “Our partnership with VICI and AMAN brings together preeminent luxury brands and exceptional real estate, making One Beverly Hills one of the most exciting and cutting-edge developments in the country.”
Jonathan Goldstein, Co-Founder & CEO of Cain International said: “The industry is evolving, with demand shifting towards developments that blend luxury, hospitality, and experience to create enduring destinations—and we believe One 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.”
Edward Pitoniak, CEO of VICI Properties said: “Since VICI emerged in 2017, we have grown our company by growing our relationships. We have identified Cain International and Eldridge Industries as partners we intend to grow with for years to come. We’re excited to begin our relationship with VICI’s commitment to One Beverly Hills, a powerful example of Cain’s distinct ability to envision and develop compelling experiential complexes in the world’s leading destinations.”
Key components of One Beverly Hills include:
- Aman Beverly Hills: One Beverly Hills will include Aman Beverly Hills as its centerpiece, the brand’s first West Coast destination, featuring an all-suite Aman Hotel and Aman-branded residences designed by Kerry Hill Architects overlooking the Los Angeles Country Club and lush private gardens. Residents will enjoy access to Aman’s signature amenities, including an Aman Club, the brand’s private global membership club offering wellness, dining, and social spaces.
- The Beverly Hilton: Longtime host of the Golden Globes and the annual Milken Institute conference, The Beverly Hilton is a cornerstone of Beverly Hills’ hospitality landscape. As part of the One Beverly Hills development, the hotel will undergo a renovation by David 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.
- 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 nearby Rodeo Drive, integrating into the development’s broader vision with a dynamic mix of global brands, high-end boutiques, and world-class culinary destinations.
- Botanical Gardens: Over 10 acres of botanical gardens and open space, designed by award-winning landscape architect Mark 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.
Related News
PRESS RELEASE
11th December 2024
Cain shares a first look at the reimagined Delano Miami Beach, opening in 2025
PRESS RELEASE
13th March 2024
One Beverly Hills Secures $2 Billion in Financing
PRESS RELEASE
9th February 2024
City Celebrates Historic Groundbreaking of One Beverly Hills