Cachet Hospitality Group (CHG), together 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 the 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 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 a significant development for Sabadell, Cabo, and also the whole tourism industry in Mexico, a game-changer project combining a sophisticated hotel business design and meticulous know-how of luxury hospitality management,” said Manuel Muñoz, Real Estate Structure Finance Sabadell. “On behalf of CEO Hospitality Soul and our entire bank group, our company is proud to partner with Cabo Villas Group and Cachet about this exciting project and anticipate seeing their success. With the financing of projects similar to this one, we still consolidate a stable and solid growth 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.
“Our company is extremely excited that the financing for the project has closed and demolition and vertical construction are underway,” said Christopher Erickson, developer of CVBR. “This can be many years inside the making as well as a true collaboration and team effort between our amazing staff, ‘La Familia Cabo Villas’, the regional community and also the Cachet Hospitality Group. Our company is very proud to deliver this iconic project to main beach Cabo as well as to our loyal member base.”
Imagined by Cachet Interior Decorating and architect Rabago Architects & Consultants, Cachet Deluxe Hotel combines Mexico’s rich history and culture with 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 newest 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 as well as 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 ranging 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, for the Deluxe Tower. Recognized by Zagat since the “Best Chinese,” Philipe by Philipe Chow’s handle Beijing-style cuisine reinvents Asian fine dining and 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 Corazon will certainly be a social and events destination, filled with over 20,000 square feet of outdoor and indoor meeting and event facilities, perfect for group events and weddings of all sizes.
“We are 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 consistently thrive, CACHET Corazon will serve the distinctive needs of 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 of the development: “Our company is pleased to remember that entire beachfront phase of the property was already totally remodeled. The Cachet team has worked closely along with us and this area will always be open for occupancy and drive revenue and sjxtkj during construction. Combined with an all new lobby and feeling of arrival, fully remodeled pool area, new beach club and beach restaurant, our company is giving everyone a ‘taste’ of the items is 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, as well as a revitalizing spa. Nestled right on Medano Beach, The Cachet Beach club is really a temple for your laid-back lifestyle during the day as well as a hot nightlife oasis by night. Having a striking view of beautiful Medano Beach and the Sea of Cortez, ALETA Seafood Bar & Grill is the ideal spot 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 to buy 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 and 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 is offering, showcasing local products and traditional Mexican flavors in simply-prepared dishes sure to please everyone.