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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 the 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 start demolition of the existing Cabo Villas building and start vertical construction of the Deluxe tower. Set to debut in Q1 2019, the resort will complete the dual-branded Cachet Corazon resort project in Los Cabos, Mexico.

“The Cachet Corazon resort is actually a significant development for Sabadell, Cabo, and also 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 Sabadell and our entire bank group, we are proud to partner with Cabo Villas Group and Cachet on this exciting project and look ahead to seeing their success. Using the financing of projects such as this one, we still consolidate a steady and solid growth of our operation in Mexico.”

With stunning panoramic views from the Sea of Cortez, Cachet Corazon is located 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 that this financing for the project has closed and demolition and vertical construction are underway,” said Christopher Erickson, developer of CVBR. “This can be several years within the making and a true collaboration and team effort between our amazing staff, ‘La Familia Cabo Villas’, the local community and 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 Interior Design and architect Rabago Architects & Consultants, Cachet Deluxe Hotel combines Mexico’s rich history and culture using 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, with a nod towards the Baja’s sea and beach life.

The newest tower includes 204 guestrooms and suites and they 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 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. 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.

Through the East, CHG will take Philipe by Philipe Chow, the luxurious, award-winning Chinese fine dining experience, to the Deluxe Tower. Recognized by Zagat since the “Best Chinese,” Philipe by Philipe Chow’s undertake Beijing-style cuisine reinvents Asian fine dining and can 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 real 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 all sizes.

“Our company is very honored to partner with leaders who may 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 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 will join the already-operating Cachet Beach Hotel, Cachet Beach club and ALETA restaurant. Christopher Erickson, developer of CVBR, reflected on the finished stages from the development: “We have been thrilled to be aware that entire beachfront phase from the property was already totally remodeled. The Cachet team worked closely around 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, brand new beach club and beach restaurant, we are giving everyone a ‘taste’ of the things 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, as well as a revitalizing spa. Nestled right on Medano Beach, The Cachet Beach club is really a temple for that laid-back lifestyle by day along with a hot nightlife oasis by night. Using a striking take a look at beautiful Medano Beach and also the Sea of Cortez, ALETA Seafood Bar & Grill is the perfect destination for relaxing and savoring the flavors of Cabo.

Featuring a wide open kitchen as well as the feel of a 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. First of all, the sushi and raw bar serves up a delicious selection of made-to-order sashimi, rolls, oysters, local clams, ceviches as well as other seafood delicacies. ALETA also features a wood-burning Josper oven, which creates unique, rustic flavor profiles. The restaurant’s award-winning chef has created a menu that highlights everything that Cabo has to offer, showcasing local products and traditional Mexican flavors in simply-prepared dishes certain to please everyone.