This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20260611056444\/en\/<\/a><\/p>\n The future site of Club Med St. Croix<\/p>\n<\/div>\n \nThe project is a result of a partnership between Club Med and VICI. Following VICI\u2019s acquisition of the Carambola Beach Resort, VICI has entered into a long-term triple-net lease with Club Med, and will fund the resort\u2019s redevelopment, elevating the property to Club Med\u2019s Exclusive Collection standards. Club Med will run the future operations of the historic 150-key resort, transforming it into a model for sustainable, culturally rich and all-inclusive hospitality in the region.<\/p>\n \n\u201cThe U.S. Virgin Islands represent an exciting new chapter for Club Med,\u201d said Carolyne Doyon, President and CEO of Club Med North America and the Caribbean. \u201cFor more than seven decades, we\u2019ve welcomed North American travelers to our destinations around the world, and now we\u2019re bringing that experience back home. With St. Croix\u2019s natural beauty, strong community spirit, and deep cultural roots, together with the longstanding legacy of this hotel, this project reflects our vision for thoughtful growth, and meaningful connection across the Americas.\u201d<\/p>\n \nJohn Payne, President and COO of VICI, said, “We are very excited to begin our partnership with Club Med, a true pioneer of the premium all-inclusive resort experience and the brand leader in the category. Club Med’s approach to growth aligns directly with how VICI partners with best-in-class experiential operators, and Carambola Beach Resort is an ideal asset to launch our relationship. We have tremendous respect for what the Club Med team has built, and we look forward to opportunities to support their continued growth across North America for years to come.\u201d<\/p>\n An Iconic Setting Reimagined<\/span><\/b><\/p>\n \nOriginally built in 1986 by philanthropist and conservation pioneer Laurance Rockefeller, Carambola Beach Resort reflects his enduring vision for the U.S. Virgin Islands, where hospitality and preservation exist in balance. Club Med\u2019s redevelopment plans envision a comprehensive renovation that preserves the property\u2019s natural beauty and historic roots.<\/p>\n \nThe resort, nestled between a crescent beach and tropical rainforest, will be part of Club Med\u2019s Exclusive Collection, the brand\u2019s most refined portfolio of premium all-inclusive resorts, distinguished by elevated design, personalized service, and exceptional experiences in extraordinary settings.<\/p>\n A Flagship Destination and a U.S. Homecoming<\/span><\/b><\/p>\n \nClub Med St. Croix will mark the brand\u2019s reentry onto U.S. soil and aims to attract travelers from the U.S., Canada, and around the world seeking a high quality, all-inclusive experience in a unique island setting. Beyond its touristic appeal, the resort will act as a key economic driver for St. Croix and the broader Virgin Islands, fueling job creation, local partnerships, and sustainable growth across the territory.<\/p>\n Empowering Local Opportunity: Economic Impact<\/span><\/b><\/p>\n \nDiscussions with senior government officials have highlighted shared ambitions around local employment, education and training, business development, and responsible tourism.<\/p>\n \nAligned with Club Med\u2019s Happy to Care<\/i><\/a> sustainability commitments, the project will target BREEAM<\/i> and Green Globe<\/i> certifications\u2014benchmarks of environmental design and operational responsibility. Together, these efforts underscore Club Med\u2019s longstanding focus on environmental performance and community stewardship.<\/p>\n \n\u201cThe arrival of the Club Med brand to the U.S. Virgin Islands marks another significant milestone in the continued economic growth and revitalization of our islands \u2014 particularly St. Croix \u2014 where tourism remains a key driver of opportunity and investment,\u201d said Governor Albert Bryan Jr. \u201cWe are proud to welcome the Club Med team to the territory and look forward to growing this partnership as we continue elevating the U.S. Virgin Islands, celebrating our people and culture, and welcoming new and returning visitors to our beautiful shores.\u201d<\/p>\n \nOnce complete, the redevelopment is projected to generate approximately 200 direct jobs along with at least as many indirect opportunities. The resort is expected to further stimulate the local economy through collaborations with excursion operators, service providers, and local farmers and artisans, reinforcing the connection between tourism and the island\u2019s broader community. Club Med plans to continue to engage with the local community in the upcoming months to share further details of the project.<\/p>\n \nConstruction is expected to begin in summer 2026, followed by a targeted reopening in Q4 2027.<\/p>\n \nTo learn more about Club Med\u2019s existing footprint in North America, click here<\/a>.<\/p>\n About Club Med<\/span><\/b><\/p>\n \nClub Med, founded in 1950 by G\u00e9rard Blitz, is the pioneer of the all-inclusive concept, operating nearly 60 premium resorts in stunning locations around the world including North and South America, Caribbean, Asia, Africa, Europe and the Mediterranean. Each Club Med resort features authentic local style and comfortably upscale accommodations, superior sports programming and activities, enriching children’s programs, gourmet dining, and warm and friendly service by its world-renowned staff with legendary hospitality skills, an all-encompassing energy and diverse backgrounds.<\/p>\n \nClub Med operates in 40 countries spanning across 5 continents and continues to maintain its authentic Club Med spirit with an international staff of more than 23,000 employees from more than 110 different nationalities. Led by its pioneering spirit, Club Med continues to grow and adapt to each market with three to five new resort openings or renovations per year, including a new mountain resort annually.<\/p>\n \nFor more information, visit www.clubmed.us<\/a>, call 1-800-Club-Med (1-800-258-2633), or contact a preferred travel professional. For an inside look at Club Med, follow Club Med on Facebook<\/a>, Instagram<\/a>, and YouTube<\/a>.<\/p>\n About VICI Properties Inc.<\/span><\/b><\/p>\n \nVICI Properties Inc. is an S&P 500\u00ae experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality, wellness, entertainment and leisure destinations, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas, three of the most iconic entertainment facilities on the Las Vegas Strip. VICI Properties owns 101 experiential assets across a geographically diverse portfolio consisting of 61 gaming properties and 40 other experiential properties across the United States and Canada. The portfolio is comprised of approximately 130 million square feet and features over 66,000 hotel rooms and over 700 restaurants, bars, nightclubs and sportsbooks. Its properties are occupied by industry-leading gaming, leisure and hospitality operators under long-term, triple-net lease agreements. VICI Properties has a growing array of real estate and financing partnerships with leading operators in other experiential sectors, including Cabot, Cain, Canyon Ranch, Chelsea Piers, Club Med, Great Wolf Resorts, Homefield, Kalahari Resorts and Lucky Strike Entertainment. VICI Properties also owns four championship golf courses and approximately 33 acres of undeveloped and underdeveloped land adjacent to the Las Vegas Strip. VICI Properties\u2019 goal is to create the highest quality and most productive experiential real estate portfolio through a strategy of partnering with the highest quality experiential place makers and operators. For additional information, please visit www.viciproperties.com<\/a>.<\/p>\n Forward-Looking Statements<\/b><\/p>\n \nThis press release contains forward-looking statements within the meaning of the federal securities laws. You can identify these statements by our use of the words \u201cassumes,\u201d \u201cbelieves,\u201d \u201cestimates,\u201d \u201cexpects,\u201d \u201cguidance,\u201d \u201cintends,\u201d \u201cplans,\u201d \u201cprojects,\u201d \u201cwill,\u201d and similar expressions that do not relate to historical matters. All statements other than statements of historical fact are forward-looking statements. You should exercise caution in interpreting and relying on forward-looking statements because they involve known and unknown risks, uncertainties, and other factors, which are, in some cases, beyond VICI\u2019s control and could materially affect VICI\u2019s actual results, performance, achievements, or VICI\u2019s ability to achieve the benefits contemplated by the transaction. Other important risk factors that may affect VICI\u2019s business, results of operations and financial position (including risks relating to VICI\u2019s pending transactions) are detailed from time to time in VICI\u2019s filings with the Securities and Exchange Commission. VICI does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as may be required by applicable law.<\/p>\n \nPress Release Category: Transactions<\/p>\n View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20260611056444\/en\/<\/a><\/span><\/p>\n Club Med Media Contacts: VICI Investor Contacts: \nOr<\/p>\n \nDavid Kieske \nMoira McCloskey![\"The](\"https:\/\/mms.businesswire.com\/media\/20260611056444\/en\/2829931\/4\/Carambola.jpg\")
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Malaika Hollis
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Alliance Connection
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Malaika@allianceconnection.com<\/b><\/a><\/p>\n
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Investors@viciproperties.com
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(646) 949-4631<\/p>\n
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EVP, Chief Financial Officer
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DKieske@viciproperties.com<\/b><\/a><\/p>\n
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SVP, Capital Markets
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MMcCloskey@viciproperties.com<\/b><\/a><\/p>\n
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