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VICI Properties and Club Med Announce Acquisition and Redevelopment of Carambola Beach Resort in St. Croix

  • VICI Properties Inc. acquired the iconic Carambola Beach Resort in the U.S. Virgin Islands & entered a long-term triple-net lease with Club Med to fund its redevelopment.
  • The project marks Club Med's return to U.S. shores, transforming the historic 150-key property into "Club Med St. Croix," part of the brand's Exclusive Collection.
  • Construction is scheduled to begin in summer 2026, with a targeted reopening in Q4 2027.
  • The redevelopment aims to achieve BREEAM & Green Globe certifications, focusing on sustainable, culturally rich, & all-inclusive hospitality.
  • Upon completion, the resort is projected to generate approximately 200 direct jobs & an equal number of indirect employment opportunities.
  • Governor Albert Bryan Jr. endorsed the partnership as a key driver for economic revitalization, job creation, & sustainable growth in St. Croix.
  • The resort will operate under Club Med's management while VICI retains ownership of the underlying real estate asset.
  • The site, originally built in 1986 by Laurance Rockefeller, will be reimagined to balance hospitality with environmental preservation & local community engagement.