The developers of One Beverly Hills secured $4.3B in financing to complete the 17.5-acre hospitality project.

J.P. Morgan and gaming and experiential REIT Vici Properties led the financing, which is among the largest of its kind in the last decade, according to a release from One Beverly Hills.

The financing package is a $2.8B senior loan from J.P. Morgan and a $1.5B mezzanine loan from Vici.

One Beverly Hills, developed by Cain and Eldridge Industries, will be home to the ultra-luxury Aman Beverly Hills hotel and residences. The project will also have 10 acres of open space and connect to The Beverly Hilton and the Waldorf Astoria Beverly Hills.

The project makes a big bet on top-tier elites and their interest in Beverly Hills.

“This transaction is indicative of the confidence the market has in our vision for One Beverly Hills,” Cain CEO and co-founder Jonathan Goldstein said in a statement.

In February 2025, Vici provided a $300M mezzanine loan to One Beverly Hills, and by July, it had increased that to $450M.

Vici's mezzanine loan has an initial term of four years with one 12-month extension option. The financing will be deployed over the course of the initial term, Vici announced.

The REIT has invested heavily in Las Vegas and casinos, of which it owns nearly 60, including The Venetian and Caesars Palace Las Vegas, as well as Manhattan's Chelsea Piers and dozens of Bowlero bowling alleys across the country.

Construction on One Beverly Hills began in 2024 and went vertical the following year. Project delivery will come in phases, with the first expected in 2028.