Cachet Hospitality Group (CHG), together with the owner and development partnership led by Cabo Villas Group and Spa (CVBR), announced today the closing of the 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 start 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, as well as 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, Property Structure Finance Sabadell. “On behalf of Alexander Mirza CEO 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 the financing of projects such as this one, we still consolidate a steady and solid development of our operation in Mexico.”
With stunning panoramic views in the Sea of Cortez, Cachet Corazon is situated 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 are extremely excited that this financing for that project has closed and demolition and vertical construction are underway,” said Christopher Erickson, developer of CVBR. “This can be a long time in the making along with a true collaboration and team effort between our amazing staff, ‘La Familia Cabo Villas’, the local community as well as the Cachet Hospitality Group. We are very proud to deliver this iconic project to main beach Cabo or even our loyal member base.”
Imagined by Cachet Interior 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 new tower will incorporate 204 guestrooms and suites and they are configured to be able to provide guests with the authentic and intimate beachfront resort experience. Guestrooms will feature state-of-the-art technology and entertainment in addition to private terraces, some of which will include outdoor Jacuzzis.
Cachet Deluxe Corazon is a social culinary haven, offering unparalleled East Meets West experiences in Cabo ranging 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. Identified by Zagat as the “Best Chinese,” Philipe by Philipe Chow’s take on Beijing-style cuisine reinvents Asian fine dining and definately 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 genuine fully integrated resort experience, Cachet Corazon is a social and events destination, complete with 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 that have decades of knowledge within this market,” said Meredith Gelacak, President of Operations – Americas, CACHET Hospitality Group. “As lifestyle travel consistently 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 will join the already-operating Cachet Beach Hotel, Cachet Beach club and ALETA restaurant. Christopher Erickson, developer of CVBR, reflected on the finished stages of the development: “Our company is glad to remember that entire beachfront phase from the property was already totally remodeled. The Cachet team works closely along with us which means this area will stay open for occupancy and drive revenue and sjxtkj during construction. Combined with a brand new lobby and feeling of arrival, fully remodeled pool area, completely new beach club and beach restaurant, we have been giving everyone a ‘taste’ of what is always to come.”
Since opening in January with this year, Cachet Beach Hotel has redefined beach chic for the modern traveler, boasting 77 swank guestrooms, three breezy wet areas, and a revitalizing spa. Nestled right on Medano Beach, The Cachet Beach club is a temple for your laid-back lifestyle by day as well as a hot nightlife oasis by night. With a striking 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 also the feel of a seafood market, ALETA offers fresh seafood caught daily by local fishermen. Diners choose their fresh catch and select how they need it prepared: fire grilled, steamed or fried. For starters, the sushi and raw bar serves up a delicious selection of made-to-order sashimi, rolls, oysters, local clams, ceviches as well as other seafood delicacies. ALETA also has a wood-burning Josper oven, which creates unique, rustic flavor profiles. The restaurant’s award-winning chef has created a menu that highlights everything that Cabo has to offer, showcasing local products and traditional Mexican flavors in simply-prepared dishes guaranteed to please everyone.