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VICI Properties investing additional $150M in Canyon Ranch

VICI Properties and Canyon Ranch, a provider of destination wellness, announced the Canyon Ranch-VICI Growth Partnership, a focused real estate investment trust, aiming to expand the reach of Canyon Ranch’s integrative wellness offerings across North America and beyond. The inaugural Wellness Club opens this fall in Fort Worth, with a Houston location in the summer of 2024, and the Canyon Ranch Austin resort opens in 2025. The two Canyon Ranch Wellness Clubs in development in Fort Worth and Houston will be membership-based only. VICI’s first investment in Canyon Ranch occurred in October 2022 when it announced its commitment to providing development financing for the Canyon Ranch Austin resort, which has begun construction and is scheduled to open in 2025.

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