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 with demolition of the existing Cabo Villas building and begin vertical construction of the Deluxe tower. Set to debut in Q1 2019, the resort will complete the dual-branded Cachet Corazon resort project in Los Cabos, Mexico.
“The Cachet Corazon resort is 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 structure and meticulous know-how of luxury hospitality management,” said Manuel Muñoz, Property Structure Finance Sabadell. “On behalf of Sabadell and our entire bank group, we are proud to partner with Cabo Villas Group and Cachet on this exciting project and anticipate seeing their success. With all the financing of projects such as this one, we still consolidate a reliable and solid growth of our operation in Mexico.”
With stunning panoramic views from the Sea of Cortez, Cachet Corazon is situated 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.
“We are extremely excited that this financing for your 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 and a true collaboration and team effort between our amazing staff, ‘La Familia Cabo Villas’, the local community and also the Cachet Hospitality Group. We are very proud to offer 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 culture and history with all the modern spirit unique to Cachet Hotels. The bespoke hotel rooms represent an eclectic mixture of local folk art, cultural patterns and bright colors, having a nod for the Baja’s sea and beach life.
The newest tower will incorporate 204 guestrooms and suites and they are configured in order to provide guests having an authentic and intimate beachfront resort experience. Guestrooms will feature state-of-the-art technology and entertainment in addition to private terraces, a few of which includes outdoor Jacuzzis.
Cachet Deluxe Corazon will certainly be a social culinary haven, offering unparalleled East Meets West experiences in Cabo which range from fast casual to fine dining. Through 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, for the Deluxe Tower. Identified by Zagat since the “Best Chinese,” Philipe by Philipe Chow’s undertake Beijing-style cuisine reinvents Asian fine dining and definately will delight guests and locals alike.
CHG will even bring Wahlburgers, the higher 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 Hotel Group will be a social and events destination, including over 20,000 sq ft of indoor and outdoor meeting and event facilities, perfect for group events and weddings of all sizes.
“We have been very honored to partner with leaders who have decades of knowledge 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 first 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: “We are thrilled to note that entire beachfront phase in 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 momentum during construction. Combined with a brand new lobby and sense of arrival, fully remodeled pool area, brand 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 your modern traveler, boasting 77 swank guestrooms, three breezy wet areas, along with a revitalizing spa. Nestled directly on Medano Beach, The Cachet Beach club is actually a temple for your laid-back lifestyle by day along with 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 ideal location 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 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 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 established a menu that highlights all of that Cabo has to offer, showcasing local products and traditional Mexican flavors in simply-prepared dishes certain to please everyone.