VICI Properties to Acquire Carambola Beach Resort in St. Croix

Corporate Action
โดย Insider Monkey·Read original
Summary · why it matters

VICI Properties announced plans to acquire the Carambola Beach Resort in St. Croix, US Virgin Islands, and has entered into a long-term triple-net lease with Club Med. The company will fund a comprehensive redevelopment of the 150-key property to meet Club Med Exclusive Collection standards, with work starting this summer and a planned reopening in the fourth quarter of 2027. Once renovated, the resort will join Club Med's premium all-inclusive brand.

Impact on stocks 1

Real Estate · 1 stocks
VICI Properties Inc
VICI
▲ PositiveCapitalrelevance

VICI Properties is acquiring and redeveloping the resort, a capital investment and expansion of its portfolio.

Off-coverage companies 1

Club MedPrivate▲ Positive
Demandrelevance

Club Med enters a long-term lease for a new resort, expanding its premium all-inclusive brand presence.