Weezer-approved deal
VICI Properties (NYSE: VICI) announced the establishment of a strategic relationship with Cain International and Eldridge Industries, pursuant to a non-binding letter of intent, dedicated to investing in high-growth, experience-driven real estate.
The collaboration launches with VICI’s $300.0 million investment into a mezzanine loan (initial maturity of March-26 with one 12-month extension) related to the 17.5-acre luxury mixed-use development of One Beverly Hills. Other deal terms were not disclosed.
The project, expected to be completed in late 2027, will be anchored by the Aman Beverly Hills and a full-scale refurbishment of The Beverly Hilton.
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