JPMorgan Chase & Co. is leading a $2.8 billion senior loan for the One Beverly Hills development. This financing is part of a total $4.3 billion package. The arrangement marks one of the largest construction loans in the last decade.
VICI Properties Inc. is a primary partner in the deal, providing a $1.5 billion mezzanine loan. The 17.5-acre project includes an Aman resort, the Beverly Hilton, and the Waldorf Astoria Beverly Hills.
The site will feature Aman’s first urban residences on the West Coast and a private members' club. The development incorporates extensive gardens and public open space.
Construction started in 2024. The project is expected to generate thousands of construction jobs and significant local economic activity.