VICI Properties Inc. (NYSE:VICI) is one of the best dividend stocks yielding at least 5% to buy according to hedge funds.
On June 15, VICI Properties Inc. (NYSE:VICI) announced plans to expand its portfolio by acquiring the iconic Carambola Beach Resort in St
Croix, US Virgin Islands. The company has also entered into a long-term triple-net agreement with Club Med as part of a planned redevelopment effort. The company is to fund the comprehensive redevelopment of the 150 key properties, with a view to transforming them to meet Club Med Exclusive Collection standards.
The redevelopment effort is to begin in the summer with a planned reopening in the fourth quarter of 2027. Once renovated, the resort is to become part of the Club Med Exclusive collection brand of premium all-inclusive resorts. VICI Properties Inc. (NYSE:VICI) is an experiential Real Estate Investment Trust (REIT) that owns and acquires market-leading destination assets, including casinos, hotels, and entertainment facilities.