New Caribbean all-inclusive project, Club Med St. Croix by VICI Properties takes shape

VICI Properties and Club Med are planning an all-inclusive Club Med St. Croix resort at the redeveloped Carambola Beach property in the U.S. Virgin Islands, targeting a 2027 reopening with 500-plus rooms, family focus and extensive sports and wellness facilities.

Edited by ad hoc news New Releases & Launches Desk. Reviewed before publication on 06/16/2026 at 6:45 AM ET. Details in the imprint.

Club Med St. Croix at Carambola Beach is set to become the next major all-inclusive resort developed in partnership between VICI Properties and Club Med, with construction expected to start in summer 2026 and a targeted reopening in the fourth quarter of 2027.

What VICI Properties and Club Med are building in St. Croix

According to VICI Properties' and Club Med's joint announcement, the company has acquired the existing Carambola Beach Resort in St. Croix, U.S. Virgin Islands, and will redevelop it into a Club Med resort featuring more than 500 rooms across family and adult-oriented zones, with the project expected to reopen in late 2027. A Club Med and VICI press release describes the project and timeline.

The plan envisions a modern Club Med resort placed on the island's north shore, with the redevelopment including upgraded guest rooms, new dining concepts and refreshed common areas that replace the previous Carambola Beach Resort facilities to meet Club Med's current brand standards.

Club Med states that the reimagined St. Croix property will be designed as a four-Trident family-friendly resort with an exclusive five-Trident area, offering multiple pools, dedicated children's facilities, and extensive land and water sports characteristic of the brand's all-inclusive format, including sailing, snorkeling, fitness programming and evening entertainment.

The resort will occupy a beachfront site framed by tropical hillsides, and the redevelopment is expected to emphasize outdoor spaces, with Club Med highlighting nature-focused experiences, wellness programming and eco-conscious design elements as part of its ongoing North American expansion strategy.

St. Croix will join Club Med's broader push in the Americas, complementing existing resorts such as Club Med Michès Playa Esmeralda in the Dominican Republic by offering another Caribbean option within the brand's portfolio for U.S. and international guests seeking a fly-in all-inclusive vacation.

Travel industry coverage notes that the Club Med St. Croix project is positioned as part of a multiyear effort to return the brand to the U.S. market, with the St. Croix resort becoming a key anchor for the chain's presence in the region once it opens in 2027.

VICI Properties describes the Carambola Beach acquisition and redevelopment as a way to add a differentiated experiential asset to its portfolio, which already includes a large concentration of gaming and entertainment real estate across the U.S., and the long-term triple-net lease with Club Med is expected to provide recurring rental income.

The joint project structure sees VICI Properties owning the underlying real estate and funding the redevelopment, while Club Med will operate the resort under its brand and all-inclusive model, aligning with VICI's strategy of partnering with operators in lodging, entertainment and leisure sectors.

For guests, the planned resort is expected to include multiple restaurants and bars, an adults-only section, conference and meeting space for groups and incentives, and a range of room categories, from standard guest rooms to suites aimed at higher-spend travelers.

The redevelopment is also expected to involve infrastructure upgrades and improvements to beach access, with the goal of delivering a resort that can support year-round tourism traffic to St. Croix and compete with other premium all-inclusive offerings in the Caribbean.

Industry observers point out that the combination of VICI Properties' capital and Club Med's operating expertise fits within a broader trend of real estate investment trusts partnering with hospitality brands to develop specialized resort properties in destination markets.

While detailed per-night pricing for the future Club Med St. Croix resort has not yet been published, Club Med's existing Caribbean properties typically operate with tiered seasonal pricing and offer packaged stays that bundle lodging, meals, sports and entertainment into a single per-guest rate.

On the development side, the project will involve demolishing or gut-renovating legacy structures from the prior Carambola Beach Resort and building new facilities that can meet current building codes and guest expectations for amenities, technology and sustainability features.

Both companies have highlighted the economic potential for St. Croix, with expected job creation during the construction phase followed by operational roles once the resort opens under the Club Med flag in 2027, though specific employment numbers have not been disclosed in the public materials so far.

The redevelopment is also part of a broader strategy by local and territorial authorities to strengthen tourism infrastructure in the U.S. Virgin Islands, with the Carambola site seen as a key asset due to its waterfront location and historic standing as a resort property.

For VICI Properties, the Club Med St. Croix project expands its exposure beyond its core casino real estate holdings into the upper-upscale resort space, complementing other non-gaming investments in experiential real estate.

Financial commentary on the transaction notes that while specific project cost figures have not been publicly detailed, the investment forms part of VICI's pipeline of growth projects that are structured with long-term leases intended to support stable cash flows to the REIT.

Analysts covering VICI Properties have pointed to such resort developments as a way for the company to diversify tenant and asset types while maintaining a focus on destination-driven real estate that aims to capture consistent leisure demand.

Market-watchers following the hospitality sector will likely track the progress of construction milestones at the St. Croix site over the next two years, including ground-breaking, structural work and brand-specific design elements that will distinguish the resort once complete.

Within VICI's broader portfolio, Club Med St. Croix at Carambola Beach represents a strategic move into Caribbean all-inclusive resorts that could provide a template for potential future collaborations with operators in similar vacation markets.

Shares of VICI Properties Inc. (ISIN US9256521090) traded on the NYSE at about $30.50 on 06/13/2026, according to recent market data. MarketBeat data shows the share price and recent trading range.

Club Med St. Croix by VICI in brief

• Product: Club Med St. Croix at Carambola Beach (redeveloped resort)
• Manufacturer: VICI Properties Inc. / Club Med
• Category: New Release / Launch (hospitality real estate)
• Launch date: Targeted reopening in Q4 2027
• MSRP / Price: Not yet disclosed; expected packaged all-inclusive rates per guest
• Availability: Planned resort in St. Croix, U.S. Virgin Islands, expected to serve U.S. and international guests
• Target audience: Leisure travelers, families, couples, groups and incentive travel seeking an all-inclusive Caribbean stay
• Key differentiator / USP: All-inclusive Club Med experience on St. Croix, backed by VICI Properties' resort real estate investment and redevelopment of a historic beachfront site

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