Cachet Hospitality Group (CHG), along 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 begin destruction 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 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 the part of Sabadell and our entire bank group, we have been 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 continue to 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 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 the project has closed and demolition and vertical construction are underway,” said Christopher Erickson, developer of CVBR. “This really is many years within the making along with a true collaboration and team effort between our amazing staff, ‘La Familia Cabo Villas’, the regional 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 Design and architect Rabago Architects & Consultants, Cachet Deluxe Hotel combines Mexico’s rich culture and history with the modern spirit unique to Cachet Hotels. The bespoke hotel rooms represent an eclectic combination of local folk art, cultural patterns and bright colors, having a nod towards the Baja’s sea and beach life.
The new tower will include 204 guestrooms and suites and therefore are configured in order to provide guests with an authentic and intimate beachfront resort experience. Guestrooms will feature state-of-the-art technology and entertainment as well as private terraces, many of which will incorporate 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.
From your 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 handle Beijing-style cuisine reinvents Asian fine dining and definately 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 real fully integrated resort experience, prnewswire.com is a social and events destination, complete with over 20,000 sq ft of outdoor and indoor meeting and event facilities, ideal for group events and weddings of any size.
“Our company is 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 mokgsd to thrive, CACHET Corazon will serve the distinctive needs of this market through curated top notch 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: “We have been pleased to be aware that entire beachfront phase of the property has already been totally remodeled. The Cachet team works closely around which means this area will remain open for occupancy and drive revenue and momentum during construction. Combined with a brand new lobby and sense of arrival, fully remodeled pool area, 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 that 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 your laid-back lifestyle by day along with a hot nightlife oasis by night. Having a striking take a look at beautiful Medano Beach and also the Sea of Cortez, ALETA Seafood Bar & Grill is the perfect spot for relaxing and savoring the flavors of Cabo.
Featuring an open kitchen and the feel of the seafood market, ALETA offers fresh seafood caught daily by local fishermen. Diners choose their fresh catch and choose the way they want it 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 features a wood-burning Josper oven, which creates unique, rustic flavor profiles. The restaurant’s award-winning chef has created a menu that highlights all that Cabo has to offer, showcasing local products and traditional Mexican flavors in simply-prepared dishes certain to please everyone.