One Beverly Hills, featuring Aman Beverly Hills and The Beverly Hilton, has closed a $4.3-billion financing package to advance its mixed-use development. The deal is led by J.P. Morgan, which is providing a $2.8 billion senior loan, and VICI Properties Inc., which is contributing a $1.5 billion mezzanine loan.
The development spans 17.5 acres and includes Aman’s first urban residences, hotel and members’ club on the West Coast. The project also includes retail, hospitality, wellness and leisure concepts set within 10 acres of gardens and open space.
One Beverly Hills is sponsored by Cain in partnership with Eldridge Industries. The development will connect the Beverly Hilton and Waldorf Astoria Beverly Hills and include 1,800 underground parking spaces.
The first Aman-branded residential tower has recorded sales activity, offering residences ranging from 2,550 square foot two-bedroom units to 25,000 square foot penthouses. The residences will have views of the Pacific Ocean, Hollywood Hills and downtown Los Angeles.
The project has also secured commitments from hospitality and retail brands, including Dolce&Gabbana, Casa Tua Cucina and Los Mochis. Casa Tua Cucina will mark its first West Coast location. Los Mochis will operate a 12,000-square-foot indoor-outdoor Mexican Japanese restaurant concept featuring a fusion omakase format.
“This transaction is indicative of the confidence the market has in our vision for One Beverly Hills. We are delighted to be working with J.P. Morgan and VICI, two of the most respected institutions in global real estate and capital markets,” said Jonathan Goldstein, Co-founder and CEO of Cain. “The demand we are seeing from residential buyers and global brands speaks to the rarity of this project, the strength of our hospitality partners and the enduring appeal of the Beverly Hills market. Together with our partners and the City of Beverly Hills we look forward to delivering one of the most exceptional real estate destinations in North America.”
“Los Angeles sits at the intersection of culture, hospitality, sport, and entertainment,” said Todd Boehly, Chairman and CEO of Eldridge Industries. “We have long believed in Beverly Hills and the broader Los Angeles market and in its ability to attract global demand and long-term capital. This project reflects that conviction and we are proud to support a development that invests in the community and contributes to the city’s next chapter.”
Construction began in 2024. Vertical construction started in autumn 2025 and phased delivery is scheduled to begin in 2028. The project is expected to generate about $40 billion in local economic activity over 30 years and support more than 2,700 direct construction jobs.
The financing includes a $2.8 billion senior loan led by J.P. Morgan and a $1.5 billion mezzanine loan from VICI.
“We are enthusiastic about the expansion of our partnership with Cain and Eldridge Industries through a truly unique, place-based development project in One Beverly Hills,” said Ed Pitoniak, CEO of VICI Properties. “VICI shares our partners’ conviction in the strength of high-end experiences in world-leading destinations and we look forward to continuing to grow our strategic relationship with Cain and Eldridge Industries for years to come.”