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 will permit the project to start destruction of the existing Cabo Villas building and begin 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 a significant development for Sabadell, Cabo, and also the whole tourism industry in Mexico, a game title-changer project combining a sophisticated hotel business structure and meticulous know-how of luxury hospitality management,” said Manuel Muñoz, Property Structure Finance Sabadell. “On behalf of Sabadell and our entire bank group, we have been proud to partner with Cabo Villas Group and Cachet about this exciting project and look ahead to seeing their success. With all the financing of projects like this one, we still consolidate a stable and solid growth of our operation in Mexico.”
With stunning panoramic views from the Sea of Cortez, Cachet Corazon is located on the famous Medano Beach, within walking distance for the Cabo San Lucas Marina, the Puerto Paraiso Mall, and multiple nightlife and entertainment venues downtown.
“Our company is extremely excited the financing for the project has closed and demolition and vertical construction are underway,” said Christopher Erickson, developer of CVBR. “This really is several years inside the making as well as a true collaboration and team effort between our amazing staff, ‘La Familia Cabo Villas’, the regional community and the Cachet Hospitality Group. Our company is very proud to offer this iconic project to main beach Cabo or even our loyal member base.”
Imagined by Cachet Home Design and architect Rabago Architects & Consultants, Cachet Deluxe Hotel combines Mexico’s rich culture and history with all the modern spirit unique to Cachet Hotels. The bespoke hotel rooms 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 newest tower will incorporate 204 guestrooms and suites and are configured to be able to provide guests having an authentic and intimate beachfront resort experience. Guestrooms will feature state-of-the-art technology and entertainment as well as private terraces, a few of which will include outdoor Jacuzzis.
Cachet Deluxe Corazon will certainly be a social culinary haven, offering unparalleled East Meets West experiences in Cabo which range from fast casual to fine dining. From 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 the East, CHG will bring Philipe by Philipe Chow, the luxurious, award-winning Chinese fine dining experience, for the Deluxe Tower. Recognized by Zagat since the “Best Chinese,” Philipe by Philipe Chow’s take on Beijing-style cuisine reinvents Asian fine dining and will 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 true fully integrated resort experience, PR Newswire will certainly be a social and events destination, including over 20,000 sq . ft . of indoor and outdoor meeting and event facilities, perfect for group events and weddings of any size.
“We have been very honored to partner with leaders who have decades of knowledge in this market,” said Meredith Gelacak, President of Operations – Americas, CACHET Hospitality Group. “As lifestyle travel mokgsd 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 from the development: “Our company is glad to remember that entire beachfront phase in the property has already been totally remodeled. The Cachet team works closely around so this area will remain open for occupancy and drive revenue and momentum during construction. Combined with an all new lobby and feeling of arrival, fully remodeled pool area, brand new beach club and beach restaurant, our company is giving everyone a ‘taste’ of the items is always to come.”
Since opening in January of the year, Cachet Beach Hotel has redefined beach chic for that modern traveler, boasting 77 swank guestrooms, three breezy wet areas, along with a revitalizing spa. Nestled on Medano Beach, The Cachet Beach club is actually a temple for that laid-back lifestyle by day along with a hot nightlife oasis by night. With a striking look at beautiful Medano Beach and also the Sea of Cortez, ALETA Seafood Bar & Grill is the ideal location for relaxing and savoring the flavors of Cabo.
Featuring an open kitchen and also the feel of any seafood market, ALETA offers fresh seafood caught daily by local fishermen. Diners choose their fresh catch and choose the way they need it prepared: fire grilled, steamed or fried. To begin with, the sushi and raw bar serves up a delicious variety of made-to-order sashimi, rolls, oysters, local clams, ceviches and 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 has to offer, showcasing local products and traditional Mexican flavors in simply-prepared dishes sure to please everyone.