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Cachet Hospitality Group (CHG), alongside 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 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 actually a significant development for Sabadell, Cabo, and the whole tourism industry in Mexico, a game-changer project combining a sophisticated hotel business structure 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, our company is proud to partner with Cabo Villas Group and Cachet on this exciting project and look ahead to seeing their success. With all the financing of projects such as this one, we carry on and consolidate a reliable and solid development of our operation in Mexico.”

With stunning panoramic views of 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 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 in the making along with a true collaboration and team effort between our amazing staff, ‘La Familia Cabo Villas’, the local community and the Cachet Hospitality Group. We are very proud to provide this iconic project to main beach Cabo in addition 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, having a nod towards the Baja’s sea and beach life.

The new tower includes 204 guestrooms and suites and therefore are configured so that you can 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, a few of which includes 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 take Philipe by Philipe Chow, the luxurious, award-winning Chinese fine dining experience, to the Deluxe Tower. Recognized by Zagat because 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 will be a social and events destination, including over 20,000 square feet of outdoor and indoor meeting and event facilities, perfect for group events and weddings of all sizes.

“Our company is very honored to partner with leaders who may have decades of information 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 be aware that entire beachfront phase of the property was already totally remodeled. The Cachet team works closely with us and this area will stay 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, we have been giving everyone a ‘taste’ of the things is always to come.”

Since opening in January of this year, Cachet Beach Hotel has redefined beach chic for your 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 as well as a hot nightlife oasis by night. Having a striking look at beautiful Medano Beach and also the Sea of Cortez, ALETA Seafood Bar & Grill is the best location for relaxing and savoring the flavors of Cabo.

Featuring an open kitchen as well as the feel of any seafood market, ALETA offers fresh seafood caught daily by local fishermen. Diners choose their fresh catch and choose the way they need it prepared: fire grilled, steamed or fried. First of all, the sushi and raw bar serves up a delicious array of made-to-order sashimi, rolls, oysters, local clams, ceviches as well as 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 provides, showcasing local products and traditional Mexican flavors in simply-prepared dishes sure to please everyone.