VICI Properties (VICI) Corporate presentation summary

Transaction overview

• Announced partnership to acquire and redevelop Carambola Beach Resort in St. Croix, U.S. Virgin Islands, with a total investment of approximately $75 million, including $55 million for redevelopment.

• Lease structured as a long-term triple-net lease with an initial 15-year term and two 10-year extension options.

• Construction is set to begin in summer 2026, targeting a reopening in Q4 2027.

Strategic rationale

• Partnership with a leading all-inclusive resort operator, expanding into non-gaming experiential real estate.

• Marks the first build-to-suit investment, diversifying growth strategies and geographic footprint into the U.S. Virgin Islands.

• Enables steady capital deployment into a premier experiential asset.

Resort and market overview

• Carambola Beach Resort features 150 rooms, meeting space, restaurants, pool, fitness club, and scuba shop on 27 acres with 1,500 feet of beachfront.

• Located 20 minutes from the airport and 30 minutes from Christiansted, with direct air service from five U.S. cities.

• U.S. Virgin Islands offer familiar legal protections and currency for American investors and travelers.