VICI Properties acquires Carambola Beach Resort, funds Club Med St. Croix redevelopment under triple-net lease

VICI Properties Inc

VICI

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VICI Properties acquired the Carambola Beach Resort in St. Croix, U.S. Virgin Islands, partnering with Club Med on a redevelopment plan.
VICI signed a long-term triple-net lease with Club Med, which will operate the redeveloped 150-key resort under its Exclusive Collection brand.
Redevelopment funding will be provided by VICI; construction is expected to start in summer 2026 with a targeted reopening in Q4 2027.
Project projections include about 200 direct jobs, with similar indirect employment expected from local supply and service demand.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. VICI Properties Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202606150815BIZWIRE_USPR_____20260611_BW056444) on June 15, 2026, and is solely responsible for the information contained therein.

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