Cachet Hospitality Group (CHG), together with 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 the 204-room Cachet Deluxe Tower in Los Cabos, Mexico. The loan closing will permit the project to begin demolition 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 really a significant development for Sabadell, Cabo, and 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 A. Mirza and our entire bank group, we have been proud to partner with Cabo Villas Group and Cachet about this exciting project and look ahead to seeing their success. With all the financing of projects similar to this one, we continue to consolidate a stable and solid growth of our operation in Mexico.”
With stunning panoramic views of 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 this financing for the project has closed and demolition and vertical construction are underway,” said Christopher Erickson, developer of CVBR. “This is many years inside the making along with a true collaboration and team effort between our amazing staff, ‘La Familia Cabo Villas’, the regional community and the Cachet Hospitality Group. We are very proud to deliver this iconic project to main beach Cabo as well as to our loyal member base.”
Imagined by Cachet Home Design and architect Rabago Architects & Consultants, Cachet Deluxe Hotel combines Mexico’s rich culture and history using the modern spirit unique to Cachet Hotels. The bespoke rooms in hotels represent an eclectic mixture of local folk art, cultural patterns and bright colors, using a nod for the Baja’s sea and beach life.
The brand new tower includes 204 guestrooms and suites and therefore 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 as well as private terraces, many of which will incorporate 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. 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.
Through the East, CHG will bring Philipe by Philipe Chow, the luxurious, award-winning Chinese fine dining experience, towards the Deluxe Tower. Identified by Zagat as 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 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, Cachet Corazon will be a social and events destination, complete with over 20,000 square feet of outdoor and indoor meeting and event facilities, suitable for group events and weddings of any size.
“We have been very honored to partner with leaders who have decades of information in this market,” said Meredith Gelacak, President of Operations – Americas, CACHET Hospitality Group. “As lifestyle travel consistently thrive, CACHET Corazon will serve the distinctive needs of 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 from the development: “Our company is glad to note that entire beachfront phase of the property has already been totally remodeled. The Cachet team works closely with us so this area will stay open for occupancy and drive revenue and sjxtkj during construction. Combined with a new lobby and feeling of arrival, fully remodeled pool area, brand new beach club and beach restaurant, our company is giving everyone a ‘taste’ of the items is 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 actually a temple for the laid-back lifestyle during the day and a hot nightlife oasis by night. Having a striking look at beautiful Medano Beach as well as the Sea of Cortez, ALETA Seafood Bar & Grill is the perfect destination for relaxing and savoring the flavors of Cabo.
Featuring an open kitchen and the feel of a seafood market, ALETA offers fresh seafood caught daily by local fishermen. Diners choose their fresh catch and select the way that they need it 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 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 created a menu that highlights everything that Cabo provides, showcasing local products and traditional Mexican flavors in simply-prepared dishes guaranteed to please everyone.