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California  + Los Angeles  + Hospitality  | 

VICI Invests $300M in One Beverly Hills to Launch Partnership with Cain, Eldridge

VICI Properties Inc., Cain International and Eldridge Industries said Wednesday they had established a strategic relationship dedicated to investing in high-growth, experience-driven real estate. The collaboration launches with VICI’s $300-million investment into a mezzanine loan on One Beverly Hills, a landmark 17.5-acre luxury mixed-use development now under construction.

“Since VICI emerged in 2017, we have grown our company by growing our relationships,” said VICO CEO Edward Pitoniak. “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.”

One Beverly Hills will be anchored by Aman Beverly Hills, bringing Aman’s first West Coast hotel, Aman-branded residences and Aman Club to Beverly Hills. Completion is expected in late 2027.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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