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 permit 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, your accommodation 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, 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, 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 about this exciting project and look ahead to seeing their success. Using the financing of projects like this one, we continue to 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 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 can be many years within the making along with a true collaboration and team effort between our amazing staff, ‘La Familia Cabo Villas’, the neighborhood community and also the Cachet Hospitality Group. We have been very proud to offer this iconic project to main beach Cabo as well as 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 rooms in hotels represent an eclectic mix of local folk art, cultural patterns and bright colors, with a nod for the Baja’s sea and beach life.
The brand new tower will include 204 guestrooms and suites and therefore 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 along with private terraces, many of which will include outdoor Jacuzzis.
Cachet Deluxe Corazon will be a social culinary haven, offering unparalleled East Meets West experiences in Cabo which range 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 brings Philipe by Philipe Chow, the luxurious, award-winning Chinese fine dining experience, for the Deluxe Tower. Recognized by Zagat because the “Best Chinese,” Philipe by Philipe Chow’s take on Beijing-style cuisine reinvents Asian fine dining and can 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 true fully integrated resort experience, PR Newswire will be a social and events destination, including over 20,000 sq ft of indoor and outdoor meeting and event facilities, ideal for group events and weddings of any size.
“Our company is very honored to partner with leaders that have decades of information 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 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 of the development: “Our company is glad to remember that entire beachfront phase in the property had been totally remodeled. The Cachet team has worked closely with us which means this area will stay open for occupancy and drive revenue and momentum during construction. Combined with a new lobby and sensation of arrival, fully remodeled pool area, new beach club and beach restaurant, we have been 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 your modern traveler, boasting 77 swank guestrooms, three breezy wet areas, as well as a revitalizing spa. Nestled on Medano Beach, The Cachet Beach club is a temple for the laid-back lifestyle during the day as well as a hot nightlife oasis by night. Using a striking view of beautiful Medano Beach as well as the Sea of Cortez, ALETA Seafood Bar & Grill is the ideal spot for relaxing and savoring the flavors of Cabo.
Featuring a wide open kitchen as well as the feel of a seafood market, ALETA offers fresh seafood caught daily by local fishermen. Diners choose their fresh catch and choose how they want to buy prepared: fire grilled, steamed or fried. To begin with, the sushi and raw bar serves up a delicious selection of made-to-order sashimi, rolls, oysters, local clams, ceviches and other seafood delicacies. ALETA also has a wood-burning Josper oven, which creates unique, rustic flavor profiles. The restaurant’s award-winning chef has established a menu that highlights all of that Cabo is offering, showcasing local products and traditional Mexican flavors in simply-prepared dishes sure to please everyone.