Cachet Hospitality Group (CHG), alongside the owner and development partnership led by Cabo Villas Group and Spa (CVBR), announced today the closing of their construction loan from Sabadell Bank as lead agent for construction of a 204-room Cachet Deluxe Tower in Los Cabos, Mexico. The loan closing will permit the project to start demolition of the existing Cabo Villas building and start vertical construction of the Deluxe tower. Set to debut in Q1 2019, the resort will complete the dual-branded Cachet Corazon resort project in Los Cabos, Mexico.
“The Cachet Corazon resort is actually a significant development for Sabadell, Cabo, and the whole tourism industry in Mexico, a game-changer project combining a sophisticated hotel business structure and meticulous know-how of luxury hospitality management,” said Manuel Muñoz, Real Estate Property Structure Finance Sabadell. “On the part of Sabadell and our entire bank group, we are proud to partner with Cabo Villas Group and Cachet about this exciting project and anticipate seeing their success. With the financing of projects similar to this one, we still consolidate a reliable and solid development of our operation in Mexico.”
With stunning panoramic views of the Sea of Cortez, Cachet Corazon is located on the famous Medano Beach, within walking distance to the Cabo San Lucas Marina, the Puerto Paraiso Mall, and multiple nightlife and entertainment venues downtown.
“We have been extremely excited that this financing for the project has closed and demolition and vertical construction are underway,” said Christopher Erickson, developer of CVBR. “This is many years inside the making as well as a true collaboration and team effort between our amazing staff, ‘La Familia Cabo Villas’, the neighborhood community and also the Cachet Hospitality Group. We have been very proud to provide this iconic project to main beach Cabo as well as to our loyal member base.”
Imagined by Cachet Interior Decorating and architect Rabago Architects & Consultants, Cachet Deluxe Hotel combines Mexico’s rich history and culture with all the modern spirit unique to Cachet Hotels. The bespoke rooms in hotels represent an eclectic mixture of local folk art, cultural patterns and bright colors, having a nod for the Baja’s sea and beach life.
The new tower will incorporate 204 guestrooms and suites and therefore are configured so that you can provide guests with the authentic and intimate beachfront resort experience. Guestrooms will feature state-of-the-art technology and entertainment as well as private terraces, some of which includes outdoor Jacuzzis.
Cachet Deluxe Corazon will certainly be a social culinary haven, offering unparalleled East Meets West experiences in Cabo ranging from fast casual to fine dining. Through the West, CHG’s Mediterranean-inspired all-day dining Laris Kitchen and Bar and Stonehaus Bar will tantalize guests with seafood, cocktails and extensive wine lists.
From your East, CHG will take Philipe by Philipe Chow, the luxurious, award-winning Chinese fine dining experience, towards the Deluxe Tower. Identified by Zagat as the “Best Chinese,” Philipe by Philipe Chow’s handle Beijing-style cuisine reinvents Asian fine dining and can delight guests and locals alike.
CHG will even bring Wahlburgers, the higher burger restaurant brand founded by Chef Paul Wahlberg and celebrity brothers Mark and Donnie Wahlberg to Cachet Corazon.
A genuine fully integrated resort experience, PR Newswire will be a social and events destination, complete with over 20,000 sq . ft . of outdoor and indoor meeting and event facilities, perfect for group events and weddings of any size.
“Our company is very honored to partner with leaders who may have decades of knowledge in this particular market,” said Meredith Gelacak, President of Operations – Americas, CACHET Hospitality Group. “As lifestyle travel mokgsd to thrive, CACHET Corazon will serve the distinctive needs with this market through curated world class entertainment, content and social experiences.”
Cachet Deluxe tower will complete the dual-branded Cachet Corazon resort development project and will join the already-operating Cachet Beach Hotel, Cachet Beach club and ALETA restaurant. Christopher Erickson, developer of CVBR, reflected on the finished stages from the development: “Our company is glad to be aware that entire beachfront phase from the property had been totally remodeled. The Cachet team has worked closely along with us which means this area will remain open for occupancy and drive revenue and momentum during construction. Combined with a new lobby and sense of arrival, fully remodeled pool area, brand new beach club and beach restaurant, our company is giving everyone a ‘taste’ of the things is always to come.”
Since opening in January of the year, Cachet Beach Hotel has redefined beach chic for your modern traveler, boasting 77 swank guestrooms, three breezy wet areas, and a revitalizing spa. Nestled directly on Medano Beach, The Cachet Beach club is really a temple for the laid-back lifestyle by day and a hot nightlife oasis by night. Using a striking take a look at beautiful Medano Beach as well as the Sea of Cortez, ALETA Seafood Bar & Grill is the best destination for relaxing and savoring the flavors of Cabo.
Featuring a wide open kitchen and the feel of the seafood market, ALETA offers fresh seafood caught daily by local fishermen. Diners choose their fresh catch and choose the way they want it prepared: fire grilled, steamed or fried. For starters, the sushi and raw bar serves up a delicious variety of made-to-order sashimi, rolls, oysters, local clams, ceviches as well as other seafood delicacies. ALETA also features a wood-burning Josper oven, which creates unique, rustic flavor profiles. The restaurant’s award-winning chef has produced a menu that highlights all of that Cabo provides, showcasing local products and traditional Mexican flavors in simply-prepared dishes sure to please everyone.