Cachet Hospitality Group Closes Construction Loan to Build Deluxe Tower at Cachet Corazon in Cabo San Lucas, Mexico

Cachet Hospitality Group (CHG) alongside Cabo Villas Group and Spa (CVBR), announced the closing of a loan for the construction of a Deluxe tower at Cachet Corazon resort in Los Cabos, Mexico. The loan will allow for the beginning of the demolition of the resort’s current building, and the beginning construction of the new tower.

Last month, Cachet Hospitality Group (CHG) along with Cabo Villas Group and Spa (CVBR), announced the closing of a loan for the construction of a 204-room Deluxe tower at Cachet Corazon resort in Los Cabos, Mexico. The loan will allow for the beginning of the demolition of the resort’s current Cabo Villas building, and begin construction of the tower. The hotel is set to debut the dual-branded Cachet Corazon resort during the first quarter of 2019. The loan came from Sabadell Bank as lead agent for construction.

Cachet Corazon is located on Medano Beach in close proximity to the Cabo San Lucas Marina, the Puerto Paraiso Mall and many downtown nightlife and entertainment venues. The Cachet Deluxe Tower will join the Cachet Beach Hotel, Cachet Beach Club and ALETA restaurant, and will complete the Cachet Corazon development project. The beachfront property has been recently remodeled, giving everyone a “taste of what is to come”, Christopher Erickson, developer of CVBR stated in a press release. The area will remain open throughout the construction of the Deluxe tower.

Cachet Deluxe Corazon will feature an array of East Meets West dining options, ranging from casual eateries to fine-dining establishments.  Some of the restaurants set to open in the new resort include Mediterranean-inspired Laris Kitchen and Bar, Stonehaus Bar, featuring seafood and cocktails, Philipe by Philipe Chow, an award-winning Chinese fine dining experience, and burger restaurant chain Wahlburgers. Cachet Corazon will also feature more than 20,000 square feet of indoor and outdoor meeting and event spaces.

“The Cachet Corazon resort is a significant development for Sabadell, Cabo, and the whole tourism industry in Mexico, ” said Manuel Muñoz, Real Estate Structure Finance Sabadell.

The Cachet Corazon Resort continues the expansion of Cachet Hospitality’s global portfolio.

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