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 allow the project to start 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 also 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 behalf of Sabadell and our entire bank group, our company is proud to partner with Cabo Villas Group and Cachet with this exciting project and look ahead to seeing their success. With the financing of projects similar to this one, we carry on and consolidate a stable and solid expansion of our operation in Mexico.”
With stunning panoramic views in the Sea of Cortez, Cachet Corazon is found 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 that this financing for that project has closed and demolition and vertical construction are underway,” said Christopher Erickson, developer of CVBR. “This really is many years in the making and a true collaboration and team effort between our amazing staff, ‘La Familia Cabo Villas’, the regional community as well as the Cachet Hospitality Group. We have been very proud to offer this iconic project to main beach Cabo in addition to our loyal member base.”
Imagined by Cachet Interior Design and architect Rabago Architects & Consultants, Cachet Deluxe Hotel combines Mexico’s rich history and culture with the modern spirit unique to Cachet Hotels. The bespoke hotel rooms represent an eclectic mix of local folk art, cultural patterns and bright colors, having a nod to the Baja’s sea and beach life.
The new tower includes 204 guestrooms and suites and they are configured in order 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 will certainly be a social culinary haven, offering unparalleled East Meets West experiences in Cabo starting 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 take Philipe by Philipe Chow, the luxurious, award-winning Chinese fine dining experience, to 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 will delight guests and locals alike.
CHG will also bring Wahlburgers, the greater burger restaurant brand founded by Chef Paul Wahlberg and celebrity brothers Mark and Donnie Wahlberg to Cachet Corazon.
A genuine fully integrated resort experience, Alexander Mirza is a social and events destination, filled with over 20,000 square feet of outdoor and indoor meeting and event facilities, perfect for group events and weddings of all sizes.
“We are very honored to partner with leaders that have decades of information 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 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 definately will 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: “Our company is pleased to note that entire beachfront phase in the property was already totally remodeled. The Cachet team has worked closely around and this area will always be open for occupancy and drive revenue and momentum during construction. Combined with an all new lobby and sensation of arrival, fully remodeled pool area, new beach club and beach restaurant, we are giving everyone a ‘taste’ of the things is 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, as well as a revitalizing spa. Nestled right on Medano Beach, The Cachet Beach club is really a temple for that laid-back lifestyle during the day along with a hot nightlife oasis by night. Using a striking look at beautiful Medano Beach and also the Sea of Cortez, ALETA Seafood Bar & Grill is the best location for relaxing and savoring the flavors of Cabo.
Featuring a wide open kitchen and also the feel of the seafood market, ALETA offers fresh seafood caught daily by local fishermen. Diners choose their fresh catch and choose the way that 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 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 established a menu that highlights all that Cabo provides, showcasing local products and traditional Mexican flavors in simply-prepared dishes sure to please everyone.