Canyon Ranch to Open Austin-area Resort
Canyon Ranch partnered with VICI Properties Inc., a real estate investment trust, to secure up to $200 million in capital to develop a new Austin resort in the Texas hill country. Construction on Canyon Ranch Austin is expected to begin in 2023, and the all-inclusive wellness-resort is expected to open to guests in 2025. Canyon Ranch Chief Executive Officer Jeff Kuster described a Canyon Ranch resort stay as “a truly life-enhancing experience,” as guests “discover the insights, skills, and motivation needed to achieve their wellness intention. This could be discovering what optimal health looks like, learning how to live their health weight, focusing on how to improve mental and physical performance, or simply taking the time to relax and renew.” VICI Executive Vice President & Chief Financial Officer David Kieske said, “We are thrilled to partner with and support the Canyon Ranch team as they bring their immersive and integrative health experience to Austin, Texas. Austin’s population, economic and cultural growth make it one of the most dynamic commercial real estate markets in America, one VICI is excited to invest in.” For more information, visit www.canyonranch.com.