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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 a 204-room Cachet Deluxe Tower in Los Cabos, Mexico. The loan closing will permit the project to begin destruction 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 the whole tourism industry in Mexico, a game-changer project combining a sophisticated hotel business model 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. With the financing of projects like this one, we still consolidate a stable and solid expansion of our operation in Mexico.”

With stunning panoramic views in the Sea of Cortez, Cachet Corazon is situated 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.

“We are extremely excited the financing for your project has closed and demolition and vertical construction are underway,” said Christopher Erickson, developer of CVBR. “This is several years within the making along with a true collaboration and team effort between our amazing staff, ‘La Familia Cabo Villas’, the neighborhood community and also the Cachet Hospitality Group. We have been very proud to offer this iconic project to main beach Cabo or even our loyal member base.”

Imagined by Cachet Interior Decorating 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 mix of local folk art, cultural patterns and bright colors, with a nod for the Baja’s sea and beach life.

The brand new tower will include 204 guestrooms and suites and they are configured so that you can provide guests with an authentic and intimate beachfront resort experience. Guestrooms will feature state-of-the-art technology and entertainment along with 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 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.

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 take on Beijing-style cuisine reinvents Asian fine dining and can delight guests and locals alike.

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

A genuine fully integrated resort experience, PR Newswire will be a social and events destination, filled with over 20,000 square feet of indoor and outdoor meeting and event facilities, perfect for group events and weddings of all sizes.

“We are very honored to partner with leaders who may have decades of knowledge in 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 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 of the development: “We have been thrilled to note that entire beachfront phase of the property had been totally remodeled. The Cachet team worked closely with us so this area will stay open for occupancy and drive revenue and momentum during construction. Combined with an all new lobby and sense of arrival, fully remodeled pool area, new beach club and beach restaurant, our company is giving everyone a ‘taste’ of the things would be 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, as well as a revitalizing spa. Nestled right on Medano Beach, The Cachet Beach club is a temple for the laid-back lifestyle during the day along with a hot nightlife oasis by night. Having a striking look at beautiful Medano Beach as well as 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 as well as the feel of the seafood market, ALETA offers fresh seafood caught daily by local fishermen. Diners choose their fresh catch and select the way they want to buy prepared: fire grilled, steamed or fried. To begin with, the sushi and raw bar serves up a delicious variety 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 everything that Cabo provides, showcasing local products and traditional Mexican flavors in simply-prepared dishes certain to please everyone.