Cachet Hospitality Group (CHG), alongside 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 will permit the project to begin destruction 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 actually 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 Structure Finance Sabadell. “On behalf of Sabadell and our entire bank group, we are proud to partner with Cabo Villas Group and Cachet with this exciting project and look ahead to seeing their success. With all the financing of projects such as this one, we carry on and consolidate a stable and solid growth 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 towards the Cabo San Lucas Marina, the Puerto Paraiso Mall, and multiple nightlife and entertainment venues downtown.
“Our company is extremely excited that the financing for your project has closed and demolition and vertical construction are underway,” said Christopher Erickson, developer of CVBR. “This can be several years in the making along with a true collaboration and team effort between our amazing staff, ‘La Familia Cabo Villas’, the local community and also the Cachet Hospitality Group. We have been very proud to provide this iconic project to main beach Cabo or even our loyal member base.”
Imagined by Cachet Interior Decorating 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 combination of local folk art, cultural patterns and bright colors, using a nod for the Baja’s sea and beach life.
The newest tower will include 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 as well as private terraces, many 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. 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, for the Deluxe Tower. Identified by Zagat since 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 may 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, PR Newswire is a social and events destination, including over 20,000 sq ft of outdoor and indoor meeting and event facilities, ideal for group events and weddings of any size.
“We are very honored to partner with leaders who have decades of information 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 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 thrilled to be aware that entire beachfront phase from the property has already been totally remodeled. The Cachet team has worked closely around so this area will remain open for occupancy and drive revenue and momentum during construction. Combined with an all new lobby and sensation of arrival, fully remodeled pool area, brand new beach club and beach restaurant, our company is giving everyone a ‘taste’ of the items would be 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 really a temple for the laid-back lifestyle by day along with a hot nightlife oasis by night. With a striking look at beautiful Medano Beach and the Sea of Cortez, ALETA Seafood Bar & Grill is the perfect spot for relaxing and savoring the flavors of Cabo.
Featuring an open kitchen as well as the feel of any seafood market, ALETA offers fresh seafood caught daily by local fishermen. Diners choose their fresh catch and select the way they want to buy prepared: fire grilled, steamed or fried. First of all, the sushi and raw bar serves up a delicious variety of made-to-order sashimi, rolls, oysters, local clams, ceviches along with other seafood delicacies. ALETA also has 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 provides, showcasing local products and traditional Mexican flavors in simply-prepared dishes certain to please everyone.