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 start demolition 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 a significant development for Sabadell, Cabo, and the whole tourism industry in Mexico, a game title-changer project combining a sophisticated hotel business design 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 have been proud to partner with Cabo Villas Group and Cachet on this exciting project and look forward to seeing their success. Using the financing of projects like this one, we still consolidate a stable and solid expansion of our operation in Mexico.”
With stunning panoramic views of the Sea of Cortez, Cachet Corazon is situated on the famous Medano Beach, within walking distance to the Cabo San Lucas Marina, the Puerto Paraiso Mall, and multiple nightlife and entertainment venues downtown.
“We are extremely excited the financing for the project has closed and demolition and vertical construction are underway,” said Christopher Erickson, developer of CVBR. “This is many years in the making along with a true collaboration and team effort between our amazing staff, ‘La Familia Cabo Villas’, the regional community as well as the Cachet Hospitality Group. Our company is very proud to deliver this iconic project to main beach Cabo in addition 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, having a nod to the Baja’s sea and beach life.
The new tower will incorporate 204 guestrooms and suites and 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 in addition to private terraces, a few of which will incorporate outdoor Jacuzzis.
Cachet Deluxe Corazon will be a social culinary haven, offering unparalleled East Meets West experiences in Cabo starting 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.
From 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 greater 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 Hotel Group will certainly be a social and events destination, including over 20,000 sq . ft . of outdoor and indoor meeting and event facilities, ideal for group events and weddings of any size.
“We have been very honored to partner with leaders who 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 the market through curated first 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 in the development: “We are pleased to remember that entire beachfront phase of the property has already been totally remodeled. The Cachet team worked closely along with us which means this area will always be open for occupancy and drive revenue and momentum during construction. Combined with a new lobby and sense of arrival, fully remodeled pool area, brand new beach club and beach restaurant, our company is giving everyone a ‘taste’ of the things is always to come.”
Since opening in January of the 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 by day as well as a hot nightlife oasis by night. Having a striking look at beautiful Medano Beach and also the Sea of Cortez, ALETA Seafood Bar & Grill is the best spot for relaxing and savoring the flavors of Cabo.
Featuring a wide 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 choose the way that they need 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 features 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 provides, showcasing local products and traditional Mexican flavors in simply-prepared dishes certain to please everyone.