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 with 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 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 structure and meticulous know-how of luxury hospitality management,” said Manuel Muñoz, Real Estate Structure Finance Sabadell. “On behalf of Cachet Hotel Group and our entire bank group, we have been proud to partner with Cabo Villas Group and Cachet about this exciting project and look forward to 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 found 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.
“We have been extremely excited 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 local community as well as the Cachet Hospitality Group. We have been 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 history and culture with all 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 to the Baja’s sea and beach life.
The new tower will incorporate 204 guestrooms and suites and therefore 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 along with private terraces, a few of which includes 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 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 take Philipe by Philipe Chow, the luxurious, award-winning Chinese fine dining experience, for the Deluxe Tower. Identified by Zagat as 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 real fully integrated resort experience, Cachet Corazon will certainly be a social and events destination, filled with over 20,000 sq . ft . of outdoor and indoor meeting and event facilities, suitable for group events and weddings of any size.
“Our company is very honored to partner with leaders who may have decades of knowledge in this particular market,” said Meredith Gelacak, President of Operations – Americas, CACHET Hospitality Group. “As lifestyle travel continues to thrive, CACHET Corazon will serve the distinctive needs with 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 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: “We have been pleased to note that entire beachfront phase from the property has already been totally remodeled. The Cachet team worked closely with us and this area will stay open for occupancy and drive revenue and sjxtkj during construction. Combined with a new lobby and sense of arrival, fully remodeled pool area, completely new beach club and beach restaurant, we have been giving everyone a ‘taste’ of the things is always 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, and a revitalizing spa. Nestled right on Medano Beach, The Cachet Beach club is a temple for that laid-back lifestyle during the day as well as a hot nightlife oasis by night. Using a striking take a look at beautiful Medano Beach and also the Sea of Cortez, ALETA Seafood Bar & Grill is the best location for relaxing and savoring the flavors of Cabo.
Featuring an 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 select the way they need it prepared: fire grilled, steamed or fried. First of all, 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 that Cabo has to offer, showcasing local products and traditional Mexican flavors in simply-prepared dishes guaranteed to please everyone.