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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 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 Property Structure Finance Sabadell. “On behalf of Sabadell and our entire bank group, we are 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 carry on and consolidate a stable and solid development of our operation in Mexico.”

With stunning panoramic views in the Sea of Cortez, Cachet Corazon is located 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 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 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 culture and history with all the modern spirit unique to Cachet Hotels. The bespoke hotel rooms represent an eclectic mixture of local folk art, cultural patterns and bright colors, having a nod to the Baja’s sea and beach life.

The newest tower will incorporate 204 guestrooms and suites and 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 in addition to private terraces, some of which will incorporate outdoor Jacuzzis.

Cachet Deluxe Corazon is 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 your East, CHG brings 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 definately will delight guests and locals alike.

CHG will also bring Wahlburgers, the greater burger restaurant brand founded by Chef Paul Wahlberg and celebrity brothers Mark and Donnie Wahlberg to Cachet Corazon.

A genuine fully integrated resort experience, Alexander Mirza is a social and events destination, complete with over 20,000 sq . ft . of indoor and outdoor 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 knowledge in this particular market,” said Meredith Gelacak, President of Operations – Americas, CACHET Hospitality Group. “As lifestyle travel mokgsd to thrive, CACHET Corazon will serve the distinctive needs with this market through curated world 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 have been pleased to be aware that entire beachfront phase of the property has already been totally remodeled. The Cachet team works closely with us which means this area will remain 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 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. With a striking view of beautiful Medano Beach and 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 and also the feel of any 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. 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 produced a menu that highlights everything that Cabo is offering, showcasing local products and traditional Mexican flavors in simply-prepared dishes sure to please everyone.

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