Canyon Ranch To Receive Additional $150M Investment In Growth Partnership With VICI Properties
Portfolio Pulse from Happy Mohamed
Canyon Ranch, a wellness destination, has announced a growth partnership with VICI Properties, a real estate investment trust. The partnership aims to expand Canyon Ranch's wellness offerings across North America and beyond. VICI Properties will invest an additional $150M in the partnership, which will power the expansion of Canyon Ranch to new markets for both its Wellness Club and Destination Resort offerings. The first location to debut both offerings will be Texas, with the inaugural Wellness Club opening in Fort Worth this fall, a Houston location in 2024, and the Canyon Ranch Austin resort in 2025.
July 27, 2023 | 1:05 pm
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VICI Properties is investing an additional $150M in a growth partnership with Canyon Ranch. This partnership aims to expand Canyon Ranch's wellness offerings across North America and beyond, which could potentially increase VICI's revenues and profitability in the long term.
VICI Properties' additional investment in Canyon Ranch indicates a strategic move to expand its portfolio and increase its revenues. Given the growing demand for wellness and life enhancement services, this partnership could potentially lead to increased profitability for VICI in the long term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100