One Beverly Hills Secures $4.3B Financing

One Beverly Hills announced a $4.3B financing to complete its development of a world-class mixed-use urban destination and residential enclave that redefines luxury living in the heart of Beverly Hills. The financing, led by J.P. Morgan and VICI Properties, is among the largest of its kind in the last decade. Spanning 17.5 acres, One Beverly Hills will introduce Aman's first urban residences, hotel, and members' club to the West Coast, alongside retail, hospitality, wellness and leisure concepts set within 10 acres of gardens and open space. The development, sponsored by Cain in partnership with Eldridge Industries, will connect an elegantly refurbished Beverly Hilton and Waldorf Astoria Beverly Hills, as well as provide 1800 underground parking spaces, creating a singular landmark of culture, sophistication, and sustainability. The closing of the financing follows strong momentum across both residential sales and commercial partnerships, with the first Aman-branded residential tower achieving significant sales, offering residences ranging from 2,550 sq foot two-bedrooms to 25,000 sq foot penthouses with sweeping views of the Pacific Ocean, Hollywood Hills, and downtown Los Angeles. Aman, known for its discreet, design-led approach to hospitality and unparalleled service, has built a portfolio across some of the world's most culturally significant destinations, spanning 20 countries, with 15 of its resorts and residential developments located within or close to UNESCO-protected sites, where the brand is entrusted to operate in some of the world's most sensitive and historic settings. Construction commenced in 2024, with vertical works beginning in autumn 2025 and phased delivery scheduled to commence from 2028. The project is expected to generate approximately $40B in local economic activity over 30 years and support more than 2,700 direct construction jobs. The financing comprises a $2.8B senior loan led by J.P. Morgan and a $1.5B mezzanine loan from VICI.