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.
Cachet Hospitality Group announced their management agreement for Cachet Resort Dewa Phuket.
This week, Cachet Hospitality Group (CHG) announced the signing of a management agreement for Cachet Resort Dewa Phuket. The opening of the hotel marks Cachet’s second in Thailand, following the announcement of Savant Vela Hotel in Bangkok, and continues the brand’s expansion into Southeast Asia. Renovations under Cachet are set to begin this month, and interior renovations are expected to be complete by November 2017.
The hotel will be located on Thailand’s largest island, on the shores of Nai Yang Beach, neighboring Sirinat National Park. The 128-room resort will feature two dining venues, meeting and event space, a full-service spa, a yoga-focused wellness center and amenities for children and families. The resort’s restaurants and bars will feature both Thai and international cuisine, appealing to travelers as well as long-term residents. Cachet Resort Phuket guests will also have the opportunity to enjoy Stonehaus, a renowned California wine bar brand. With Cachet Pool Club and Cachet Beach Club, the resort will be a destination for indoor-outdoor social events including weddings, corporate functions and other gatherings.
“We are honored to collaborate with R&B Partners Co., Ltd. and eager to introduce the Cachet resort brand to this region,” Kimy Chen, President of Southeast Asia, Cachet Hospitality Group, stated in a company press release. Chen also noted that Phuket is an accessible and appealing vacation destination, with 59 flights from Bangkok per day.
Cachet Resort Phuket will be Cachet’s second resort property and marks the brand’s continued expansion as an international hospitality leader.
For more news and updates on Cachet Hospitality Group, follow Robert Roche on Twitter.
Acorn International Founder, Robert Roche reflects on the companies milestones on its 10th anniversary of their initial IPO.
Acorn International celebrated the 10th anniversary of the company’s initial public offering (IPO) earlier this week. On May 3, 2007, the company made its IPO on the New York Stock Exchange (NYSE) for more than 8,855,000 American Depositary Shares (ADSs). Acorn went on to gain 39% from the IPO price of $15.50 ADS during its first day of trading. The deal generated net proceeds of more than $108.9 million for the company, with Deutsch Bank Securities and Merrill Lynch Co. acting as joint book runners for the offering.
Robert Roche, Acorn International’s founder, chief executive officer and executive chairman, recognized that this anniversary was a major milestone for the company. “I am proud of the resiliency Acorn has shown in the face of major headwinds during our first decade as a public company,” Roche stated in a press release. “Offering some of China’s best known and trusted products, Acorn is committed to supporting our own brands and building a reputation as a trusted partner for top foreign brands entering China.”
Acorn International is one of China’s leading marketing and branding companies. It has grown a reputation for developing and marketing some of China’s most popular consumer-branded products since it was co-founded by Robert Roche in 1998. Acorn is organized into two main divisions, a direct-sales platform and a nationwide distribution network. Acorn’s direct-sales business markets and sells products directly to consumers through the company’s outbound marketing platform, as well as through an online sales platform. The company’s distribution network distributes these products throughout all provinces in China, reaching more than 2,200 retail outlets across the country.
Since its inception, the company has also developed proprietary-branded product lines such as the Ozing line of electronic learning products and Babaka posture-correction products. Acorn has also developed several proprietary kitchen and household products that are now sold throughout China.
Robert Roche founded and has managed Acorn International with the goal of taking the world’s best products, designs and management practices and offering them to Chinese consumers. He has led the company through a number of business challenges, recently leading a business turnaround in 2016 which resulted in the first net profit for the company since 2011.
Cachet International Hospitality Group receives prestigious award of 2017 Up-And-Coming-Hotelier.
Cachet Hospitality Group (CHG) was named one the year’s up-and-coming hoteliers at BDWest, a design trade fair for hospitality design professionals. The award was presented during the fair on April 7th at the Los Angeles Convention Center, and recognized CHG’s role as an innovator in hospitality design. The Up-And-Coming Hotelier award was launched in 2015 to recognize young hospitality brands that are poised to change the look and function of future hotels. Hospitality brands that have been recognized in the past include Room Mate, Dream Hotel Group, and Starwood Capital Group.
In a recent press release, Pauline Choo, CHG’s Director of Cachet Interior Design, expressed the organization’s excitement at receiving the award. “This award is a tribute to the hard work of our CID team and our strong alignment with CHG Operations to design spaces that capture revenues,” Choo said, “We are proud of our team’s efforts.” Cachet Interior Design (CID) is a team of interior designers that provide design solutions for CHG’s hotels, restaurants and nightlife establishments around the world. Members of the CID team include Npatchanan “Bee” Sasiworasad, who has focused on public food and beverage spaces within CHG properties; Pawaroot “Paul” Pibulrat, who has contributed to Cachet projects including Cachet Deluxe Cabo, Zheijang Circuit in Shaoxing, and Cachet Hotel Chengdu; and Benjaporn “Tah” Songsanan who joined CID after working for international firms such as Blink Design Group and Space Matrix.
BDWest is presented by Boutique Design Magazine. The trade fair was started in 2013 as a companion to Boutique Design New York and has a larger focus on hospitality design. The fair showcases the latest trends in hotel design elements and products, and also introduces attendees to some of the industry’s innovators through panel discussions, exhibits and recognitions like the Up-And-Coming Hotelier Awards.
Newly appointed Dean of University of Denver’s Sturm College of Law announces plan to meet with more than 5,000 alumni throughout the US during his first year.
Bruce Smith, Dean of the University of Denver’s Sturm College of Law, plans to meet with thousands of Sturm alumni in Colorado and around the U.S. during his first year as Dean. The goal is to engage with 5,280 alumni this academic year in a campaign known as the DU Extra Mile. The goal of meeting with 5,280 alumni symbolizes an important number to the University of Denver community. Commonly heard around campus, the city of Denver sits 5,280 feet above sea level, also earning it the nickname “Mile High City”.
Dean Smith’s journey is being documented in an interactive map on the Sturm College of Law website, with the dean also sharing posts and updates about his meetings on Twitter. To date, he has visited with 2,112 alumni in 61 cities in Colorado and in San Francisco. During his meetings, he has taken part in discussions with alumni related to law, philanthropy and new concepts for alumni engagement.
Dean Bruce Smith was appointed to be the 20th Dean of Sturm College of Law in July 2016. Prior to joining the University of Denver, he served as dean of the University of Illinois College of Law from 2009-2014, where he also taught since 2006. Specializing in Anglo-American criminal procedure, Dean Smith is internationally recognized and authored History of the Common Law: The Development of Anglo-American Legal Institutions. He has taught as a visiting faculty member at George Washington University, the University of Luxembourg and University of Michigan Law School. He also practiced law in Washington, D.C., focusing on intellectual property law and sports law. His appointment to the position of Dean in 2016 represented a continued commitment to the advancement of Sturm, and a commitment to increasing alumni engagement and deepening collaboration within the Denver community and beyond. The DU Extra Mile campaign represents one major step towards realizing these long-term goals.
For more information and to track where Dean Smith has been, visit the DU Extra Mile page on the Sturm College of Law website, or follow along on Twitter at #duxtramile.
The CURE founders joined together to “spearhead the search for a cure.” Since CURE’s Inception, they have helped create a dramatic shift in the way epilepsy is researched and understood.
Citizens United for Research in Epilepsy (CURE) is a non-profit organization committed to raising awareness and finding a cure for epilepsy. The organization was founded in 1998 by a small group of parents of children who suffered from epilepsy who were unwilling to take a passive role in protecting their children from seizures and negative side effects of existing epilepsy medications and treatments. The CURE founders joined together to “spearhead the search for a cure”, and have helped create a dramatic shift in the way epilepsy is researched and understood. Since the organization’s founding, it has grown into a worldwide movement and raised more than $43 million to fund research initiatives that are helping to develop a cure.
CURE has several programs that are helping the scientific and medical community better understand the underlying causes of epilepsy. The Epilepsy Genetics Initiative (EGI) focuses on collecting data that will help develop a personalized approach to epilepsy. CURE also leads research initiatives for different types of epilepsy including Sudden Unexpected Death in Epilepsy (SUDEP) and Infantile Spasms (IS). The organization works with an internal scientific team of epilepsy researchers, a Scientific Advisory Council and a Lay Review Council. All three bodies help review grant applications and distribute funding for new and expanded epilepsy research being conducted all over the world.
Each year, CURE presents grant awards to promising research working towards a breakthrough in understanding and finding a cure for different types of epilepsy. These awards are in the form of two year research grants of up to $250,000, and have the potential to make a significant impact on the lives of individuals living with epilepsy.
The 2016 CURE Research Award Recipients represent scientific researchers working on breakthrough discoveries in epilepsy all around the globe. Grant recipients include researchers from University of Colorado, Boulder, Boston Children’s Hospital, Baylor College of Medicine, the University of Melbourne, the University of British Columbia and others. CURE also gives Innovator Awards in the form of 1 year grants of up to $50,000 to highly innovative concepts relevant to epilepsy. 2016 Innovator Award recipients represented researchers from Italy, Connecticut and Massachusetts.
For more information on CURE and the CURE Research Awards, visit the CURE website.
Cachet Hospitality Group announces its partnership with Vela Hotels Co., Ltd in opening its SAVANT Vela Hotel in Bangkok, Thailand.
Cachet Hospitality Group (CHG) will debut SAVANT Vela Hotel, its affordable lifestyle brand, in Bangkok, Thailand later this year. Cachet is partnering with real estate owner and developer Vela Hotels Co., Ltd. to develop the hotel, which will open near Siam Square in Bangkok. The SAVANT Vela will be located in close proximity to major tourist destinations in the city including Siam Center, MBK Shopping Mall and Sea Life Bangkok Ocean World.
The opening of the SAVANT Vela-Bangkok represents one of the first steps in Cachet Hotel Group’s plans for rapid expansion in Southeast Asia. The hotel is CHG’s second property in Bangkok and the first SAVANT brand hotel in the Southeast Asia region.
Designed to be a stylish and affordable space for travelers in one of the world’s highest ranked travel destinations, the SAVANT is set to open in November 2017 and will feature 72 guest rooms, a bar with an array of affordable wine tasting options, a lounge and a workout studio.
Following the announcement of SAVANT’s debut, Cachet Hospitality Group also announced the appointment of new leaders that will oversee the brand’s growth in Southeast Asia. Kimy Chen was promoted to President of Southeast Asia, Pauline Choo was promoted to CHG’s Bangkok- based Cachet Global Interior Design Division, Jitsak Lim-Pakornkul joined CHG Southeast Asia as Director of Brand Marketing, and Sorachai Rojanasuwan joined the team as Director of Business Development, Southeast Asia.
Alex Mirza, CHG’s President and CEO, stated that the appointment of new leadership and the signing of the SAVANT Bangkok represented the company’s commitment to expansion in the region.