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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 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 destruction 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 actually a significant development for Sabadell, Cabo, and also 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, Real Estate 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 with this exciting project and look ahead 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 from the Sea of Cortez, Cachet Corazon is situated 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.

“Our company is extremely excited that the financing for that project has closed and demolition and vertical construction are underway,” said Christopher Erickson, developer of CVBR. “This really is many years inside the making as well as a true collaboration and team effort between our amazing staff, ‘La Familia Cabo Villas’, the local community as well as the Cachet Hospitality Group. Our company is very proud to provide this iconic project to main beach Cabo as well as 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 mix 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 so that you can provide guests with the 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 be 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 will take Philipe by Philipe Chow, the luxurious, award-winning Chinese fine dining experience, to the Deluxe Tower. Recognized by Zagat as the “Best Chinese,” Philipe by Philipe Chow’s take on Beijing-style cuisine reinvents Asian fine dining and 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, prnewswire.com is a social and events destination, complete with over 20,000 sq ft of outdoor and indoor meeting and event facilities, ideal for group events and weddings of all sizes.

“Our company is very honored to partner with leaders who 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 top notch 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 in the development: “We have been glad to note that entire beachfront phase in the property was already totally remodeled. The Cachet team works closely around and this area will always be open for occupancy and drive revenue and momentum during construction. Combined with a new lobby and sense of arrival, fully remodeled pool area, new beach club and beach restaurant, we are giving everyone a ‘taste’ of what is always 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 directly on Medano Beach, The Cachet Beach club is really a temple for your laid-back lifestyle during the day as well as a hot nightlife oasis by night. With a striking view of beautiful Medano Beach as well as 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 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 the way that they want it prepared: fire grilled, steamed or fried. For starters, 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 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.