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 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 really 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 design and meticulous know-how of luxury hospitality management,” said Manuel Muñoz, Real Estate Property Structure Finance Sabadell. “For CEO Hospitality Soul and our entire bank group, our company is proud to partner with Cabo Villas Group and Cachet with this exciting project and look forward to seeing their success. Using the financing of projects such as this one, we still consolidate a stable and solid development of our operation in Mexico.”
With stunning panoramic views of the Sea of Cortez, Cachet Corazon is located 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 that this financing for the project has closed and demolition and vertical construction are underway,” said Christopher Erickson, developer of CVBR. “This is a long time within the making and 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 provide 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, using a nod towards the Baja’s sea and beach life.
The newest tower includes 204 guestrooms and suites and therefore 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 along with private terraces, many of which includes outdoor Jacuzzis.
Cachet Deluxe Corazon will certainly be a social culinary haven, offering unparalleled East Meets West experiences in Cabo starting 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 bring Philipe by Philipe Chow, the luxurious, award-winning Chinese fine dining experience, towards the Deluxe Tower. Recognized by Zagat because 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 may also bring Wahlburgers, the higher 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 certainly be a social and events destination, filled with over 20,000 sq . ft . of indoor and outdoor meeting and event facilities, perfect for group events and weddings of any size.
“Our company is very honored to partner with leaders that have decades of knowledge in this market,” said Meredith Gelacak, President of Operations – Americas, CACHET Hospitality Group. “As lifestyle travel will continue 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 can 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 have been pleased to be aware that entire beachfront phase of the property had been totally remodeled. The Cachet team worked closely along with us so this area will remain open for occupancy and drive revenue and sjxtkj during construction. Combined with an all new lobby and feeling of arrival, fully remodeled pool area, completely new beach club and beach restaurant, our company is giving everyone a ‘taste’ of what 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 directly on Medano Beach, The Cachet Beach club is actually a temple for the laid-back lifestyle by day along with a hot nightlife oasis by night. Using a striking look at beautiful Medano Beach and also the Sea of Cortez, ALETA Seafood Bar & Grill is the ideal location for relaxing and savoring the flavors of Cabo.
Featuring a wide open kitchen and also the feel of the seafood market, ALETA offers fresh seafood caught daily by local fishermen. Diners choose their fresh catch and select how they want it prepared: fire grilled, steamed or fried. For starters, the sushi and raw bar serves up a delicious array 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 everything that Cabo has to offer, showcasing local products and traditional Mexican flavors in simply-prepared dishes guaranteed to please everyone.