Hogan Lovells advises VICI Properties on expanded role in One Beverly Hills financing and extended strategic relationship with Cain and Eldridge Industries

Press releases | 24 March 2026

Denver, Washington, D.C. 24 March 2026 – Global law firm Hogan Lovells is advising VICI Properties Inc. (NYSE: VICI) (“VICI”, “VICI Properties”) as it expands its long-term strategic relationship with Cain and Eldridge Industries by providing a US$1.5 billion mezzanine loan commitment (the “VICI Mezzanine Loan”) concurrently with a US$2.8 billion senior loan commitment led by J.P. Morgan as part of the construction financing for One Beverly Hills.

The VICI Mezzanine Loan represents a US$1.05 billion incremental commitment beyond VICI’s existing US$450 million investment in the project and is the first expression of VICI’s previously announced long-term strategic relationship with Cain and Eldridge Industries.

One Beverly Hills, a 17.5-acre luxury mixed-use project, is being developed by Cain and master planned by Foster + Partners. The development will be anchored by Aman Beverly Hills, bringing Aman’s first West Coast hotel, Aman-branded residences, and Aman Club to Beverly Hills. Construction on the One Beverly Hills development commenced in 2024, with vertical works beginning in the fall of 2025, and phased delivery scheduled to commence in 2028.

More information on the transaction can be found here.

The Hogan Lovells deal team was led by partner Scott Campbell (Real Estate, Denver), counsel Ted Brown (Real Estate, Denver), senior associate Blake Soper (Real Estate, New York), and senior attorney Adam Keller (Real Estate, Denver). Additional deal support was provided by partners Cristina Arumi (Tax, Pensions & Benefits, Washington, D.C.), Tifarah Allen (Capital Markets, Washington, D.C.), Nathan Cooper (Banking & Loan Finance, Washington, D.C.), Andy Zahn and Catalina Parkinson (both Capital Markets, Washington, D.C.), and senior associates Billy Clinton and Dylan Hays (both Tax, Pensions & Benefits, Washington, D.C.).