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 allow the project to begin with destruction of the existing Cabo Villas building and start vertical construction of the Deluxe tower. Set to debut in Q1 2019, your accommodation 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, as well as the whole tourism industry in Mexico, a game title-changer project combining a sophisticated hotel business model and meticulous know-how of luxury hospitality management,” said Manuel Muñoz, Property Structure Finance Sabadell. “On the part of Sabadell and our entire bank group, we are proud to partner with Cabo Villas Group and Cachet about this exciting project and look ahead to seeing their success. With all the financing of projects similar to this one, we carry on and consolidate a steady and solid growth of our operation in Mexico.”

With stunning panoramic views from the Sea of Cortez, Cachet Corazon is found 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 the financing for the project has closed and demolition and vertical construction are underway,” said Christopher Erickson, developer of CVBR. “This really is several years within the making along with 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 in addition to our loyal member base.”

Imagined by Cachet Interior Design and architect Rabago Architects & Consultants, Cachet Deluxe Hotel combines Mexico’s rich culture and history using the modern spirit unique to Cachet Hotels. The bespoke rooms in hotels represent an eclectic combination of local folk art, cultural patterns and bright colors, having a nod to the Baja’s sea and beach life.

The brand new tower will incorporate 204 guestrooms and suites and therefore 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 as well as private terraces, some of which includes outdoor Jacuzzis.

Cachet Deluxe Corazon will certainly be a social culinary haven, offering unparalleled East Meets West experiences in Cabo which range from fast casual to fine dining. From your 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 brings Philipe by Philipe Chow, the luxurious, award-winning Chinese fine dining experience, towards the Deluxe Tower. Recognized by Zagat since the “Best Chinese,” Philipe by Philipe Chow’s take on Beijing-style cuisine reinvents Asian fine dining and definately will delight guests and locals alike.

CHG may also 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, PR Newswire will certainly be a social and events destination, including over 20,000 square feet of outdoor and indoor meeting and event facilities, suitable for group events and weddings of any size.

“We are 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 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 from the development: “We have been thrilled 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 stay open for occupancy and drive revenue and momentum during construction. Combined with a new lobby and sensation of arrival, fully remodeled pool area, completely 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 your modern traveler, boasting 77 swank guestrooms, three breezy wet areas, along with a revitalizing spa. Nestled 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. With a striking view of beautiful Medano Beach and also the Sea of Cortez, ALETA Seafood Bar & Grill is the perfect 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 the way that they want it 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 boasts 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 sure to please everyone.