Cachet Hospitality Group (CHG), together with 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 allows the project to begin with demolition of the existing Cabo Villas building and begin vertical construction of the Deluxe tower. Set to debut in Q1 2019, the hotel will complete the dual-branded Cachet Corazon resort project in Los Cabos, Mexico.
“The Cachet Corazon resort is really a significant development for Sabadell, Cabo, and the whole tourism industry in Mexico, a game title-changer project combining a sophisticated hotel business model and meticulous know-how of luxury hospitality management,” said Manuel Muñoz, Real Estate Structure Finance Sabadell. “On the part of Cachet Hotel Group and our entire bank group, we are proud to partner with Cabo Villas Group and Cachet with this exciting project and look forward to seeing their success. With all the financing of projects like this one, we still consolidate a reliable and solid expansion of our operation in Mexico.”
With stunning panoramic views in 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 in the making along with a true collaboration and team effort between our amazing staff, ‘La Familia Cabo Villas’, the neighborhood community as well as the Cachet Hospitality Group. We have been very proud to deliver this iconic project to main beach Cabo as well as to our loyal member base.”
Imagined by Cachet Home Design and architect Rabago Architects & Consultants, Cachet Deluxe Hotel combines Mexico’s rich history and culture using the modern spirit unique to Cachet Hotels. The bespoke rooms in hotels represent an eclectic mix of local folk art, cultural patterns and bright colors, using a nod for the Baja’s sea and beach life.
The newest tower will incorporate 204 guestrooms and suites and they 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 is a social culinary haven, offering unparalleled East Meets West experiences in Cabo starting from fast casual to fine dining. From your 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.
Through the East, CHG will bring Philipe by Philipe Chow, the luxurious, award-winning Chinese fine dining experience, towards the Deluxe Tower. Recognized by Zagat as the “Best Chinese,” Philipe by Philipe Chow’s undertake Beijing-style cuisine reinvents Asian fine dining and will delight guests and locals alike.
CHG will even bring Wahlburgers, the better burger restaurant brand founded by Chef Paul Wahlberg and celebrity brothers Mark and Donnie Wahlberg to Cachet Corazon.
A real fully integrated resort experience, Cachet Corazon will certainly be a social and events destination, filled with over 20,000 square feet of outdoor and indoor meeting and event facilities, suitable for group events and weddings of any size.
“We have been very honored to partner with leaders who may have decades of knowledge within this market,” said Meredith Gelacak, President of Operations – Americas, CACHET Hospitality Group. “As lifestyle travel will continue to thrive, CACHET Corazon will serve the distinctive needs of 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 can join the already-operating Cachet Beach Hotel, Cachet Beach club and ALETA restaurant. Christopher Erickson, developer of CVBR, reflected on the finished stages in the development: “We are glad to remember that entire beachfront phase of the property was already totally remodeled. The Cachet team works closely with us which means this area will stay open for occupancy and drive revenue and sjxtkj during construction. Combined with a new lobby and sensation of arrival, fully remodeled pool area, new beach club and beach restaurant, we have been giving everyone a ‘taste’ of the things is always to come.”
Since opening in January of this year, Cachet Beach Hotel has redefined beach chic for the modern traveler, boasting 77 swank guestrooms, three breezy wet areas, along with a revitalizing spa. Nestled right on Medano Beach, The Cachet Beach club is a temple for the laid-back lifestyle during the day along with a hot nightlife oasis by night. With a striking view of beautiful Medano Beach and the Sea of Cortez, ALETA Seafood Bar & Grill is the best location for relaxing and savoring the flavors of Cabo.
Featuring an open kitchen and the feel of a seafood market, ALETA offers fresh seafood caught daily by local fishermen. Diners choose their fresh catch and select the way that they want to buy prepared: fire grilled, steamed or fried. To begin with, the sushi and raw bar serves up a delicious array of made-to-order sashimi, rolls, oysters, local clams, ceviches along with 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 that Cabo is offering, showcasing local products and traditional Mexican flavors in simply-prepared dishes certain to please everyone.