a $1 billion bet on selling mansions in mexico

one-only-mandarina-private-home-dining

One&Only Resorts is known for ultra-luxury hotels in outposts like Cape Town, the Maldives and Dubai, where it operates a beachfront retreat on an artificial island. Now it’s selling private homes in a $1 billion development near Puerto Vallarta, Mexico.

 

It’s the first time the resort operator, owned by Dubai-based Kerzner International Holdings Ltd., has stamped its brand on a residence. Late last year, partners RLH Properties and RSC Development pre-sold the first five One&Only-branded homes in the new development, Mandarina.

 

The initial phase of the project, designed by the architect Rick Joy to incorporate jungle vegetation and dramatic cliffside drops to the Pacific, includes 55 branded residences, priced between $4 million and $12 million, and a 108-room One&Only hotel. The development will eventually include a second hotel and another group of branded homes, to be operated by Rosewood Hotels & Resorts Inc., as well as a beachfront polo field and equestrian center.

 

“The community that these people are buying into, they realize this is the last large tract of land,” said Ricardo Santa Cruz, chief executive of RSC Development. “It’s very difficult to replicate, if you’re interested in this part of the country.”

 

Hotel developers have long cherished the idea of slapping luxury hotel brands on private homes, selling buyers on access to concierge services and the cachet of names like Four Seasons and Ritz-Carlton, and using the proceeds from early sales to fund hotel construction. Hospitality companies get a piece of the sales price and can add vacation rentals to their product mix, since many owners rent their homes when they’re not using them.

 

“In our ultra-luxury clientele, more and more people are traveling with their extended family,” said Philippe Zuber, president and chief operating officer of One&Only. He said the company is planning branded residences in Montenegro, Mauritius and Kea, an island in Greece.

 

*Originally posted on Bloomberg

One&Only launches first ever branded real estate in $1 billion development

The ultra-luxury One&Only brand is now tapping into real estate with the recent launch of its first ever branded residences, located in the $1 billion Mandarina development in the Riviera Nayarit. Situated along a one-mile stretch of beach, the Mandarina resort and residential community is located less than one hour north of Puerto Vallarta and 15 minutes north of Sayulita in between the Pacific Ocean and Sierra Madre Occidental.

 

Dubbed One&Only Private Homes, the residences will be one of the first collections of One&Only villas. The 55 villas will be situated along the southern peak and will be offered in four-, five- and eight-bedroom floor plans, ranging in size from approximately 7,500 to 13,500 square feet. Floor plans will emphasize indoor-outdoor living, effortlessly transitioning from indoors to terrace, pool and garden areas and will be offered between $4 and $12 million.

 

Residents at One&Only Private Homes will be able to take advantage of a multitude of amenities like property management, charging privileges for hotel amenities, in-residence private dining and spa services, personal training sessions, travel arrangements, personal shopping, laundry and dry cleaning, medical services and boat moorage at The Jetty.

 

The contemporary villas will be individually designed by the renowned Arizona-based Rick Joy Architects and will debut alongside One&Only Mandarina, a 108-room hotel set to open fall 2019. Award-winning Rick Joy Architects will be the architect for the whole development and will use his lifestyle-based and landscape-sensitive experience to infuse Mandarina’s surroundings into the new development. You may have admired his previous work at the stunning Amangiri resort in Utah.

 

Along with the new One&Only resort and residences which will feature a One&Only Spa and One&Only Majahua Beach Club, Mandarina will also be home to Rosewood Residences and Rosewood Mandarina hotel and the world-class Mandarina Polo and Equestrian Club, complete with a clubhouse, arenas, two tournament size polo fields, polo lounge, pro shop, horse boarding and veterinary clinic onsite. The club will even host several international sporting events each year.

 

Additionally Mandarina will feature The Point, an adults-only destination with a restaurant and pool; Canalan Beach Club; The Plateau, offering family-friendly dining, pools and a boutique; The Jetty harbor; a farm-to-table restaurant; a trail system; and an estuary.

 

*Originally posted on InMexico

One&Only goes big in riviera nayarit

Riviera Nayarit just celebrated its 10th anniversary, and it’s a noteworthy milestone.

 

Once home to a number of sleepy seaside villages on nearly 200 miles of pristine coastline, the region is now legendary, dotted with numerous luxury, three-, four- and five-star hotels—with more on the way.

 

One of the most significant developments is the new One&Only resort, which is scheduled to open later this year in the $1 billion Mandarina development located at Monteon—a town in Compostela, Mexico.

 

The up-and-coming development will not only be home to a 145-room luxury resort, but the resort company has also built its first branded residences within the complex.

 

Dubai-based Kerzner International Holdings, Ltd., which owns One&Only Resorts, is offering a total of 55 private homes that make up the first phase of the project.

 

The properties, which are selling for between $4 million and $12 million, were designed by Arizona-based architect Rick Joy, incorporating the jungle vegetation and natural cliffs of the region according to a report in the Mexico Daily News. One&Only already operates one of the most exclusive properties in Mexico in San Jose del Cabo. The One&Only Palmilla is often recognized for its superior services and accommodations.

 

The company is also developing another property in Mexico that encompasses One&Only’s brand evolution.

 

Approximately 60 miles south of Puerto Vallarta, the One&Only Nature Resort in Santa Maria de Xala will offer a tented camp experience with 17 luxury suites, each with private pools, on 5 miles of beachfront.

 

*Originally posted on Travel Pulse

billion dollar bet by One&Only resorts

An international ultra-luxury resort operator is making a billion-dollar bet on a new oceanfront residential development in Nayarit, just north of the Pacific coast city of Puerto Vallarta.

 

One & Only Resorts, owned by the Dubai-based company Kerzner International Holdings Ltd., is selling private homes in the US $1 billion Mandarina project, located around 50 kilometers or less than an hour’s drive from Puerto Vallarta in the Riviera Nayarit.

 

It is the first time that One & Only Resorts has put its brand on a residential project. Kerzner partners RLH Properties and RSC Development pre-sold the first branded residences late last year.

 

A total of 55 residences make up the first phase of the project, which was designed by Arizona-based architect Rick Joy to incorporate the natural environment including jungle vegetation and cliffs which drop down to the Pacific Ocean.

 

Each residence is priced between US $4 million and US $12 million. There is also a 108-room One & Only hotel.

 

A later stage of development will add another section of residences and a second hotel as well as a beachfront polo field and an equestrian center.

 

“The community that these people are buying into, they realize that this is the last large tract of land,” said Ricardo Santa Cruz, CEO of RSC Development.

 

*Originally posted on Mexico Daily News

the agency debuts One&Only Private Homes at mandarina

The Agency is thrilled to share the very first glimpse of One&Only Private Homes at Mandarina, among the first collection of One&Only branded villas to own in the world. Situated in a spectacular setting less than one hour north of Puerto Vallarta, Mexico, 55 ultra-private villas will neighbor the new One&Only Mandarina beach resort.

 

Recently unveiled by Bloomberg News, the villas will be nestled along a lush, tropical hillside above a one-mile stretch of sandy beach on the pristine shores of Riviera Nayarit. One&Only Private Homes is the first residential offering to debut within Mandarina, a master-planned resort and residential community featuring One&Only Mandarina, Rosewood Mandarina, and the world-class Mandarina Polo & Equestrian Club.

 

“One&Only Private Homes at Mandarina is among the first collection of hotel branded residences from one of the most renowned and celebrated luxury resort companies in the world,” said Andy Ardila, Managing Director of The Agency Development Group, which represents sales and marketing of the villas. “This residential offering is unprecedented on many levels, combining the signature One&Only experience, an unrivaled location on Riviera Nayarit, incredible architecture by one of the world’s foremost visionaries, and lifestyle amenities unmatched anywhere in the world.”

 

The villas feature innovative architecture by Rick Joy Architects, a Tucson, Arizona-based firm acclaimed for its climate responsive, environmentally sensitive work. Four, five and eight bedroom villas will be situated within the trees, designed to blend with the landscape, rather than reshape it. Each villa is architecturally unique and configured to maximize far-reaching views of the tropical jungle landscape, soaring mountain peaks and the blue waters of the Pacific Ocean. Villas offer 7,000 to 13,000 square feet of seamless indoor/outdoor living, infinity-edged pools and thoughtful modern detail. Residents may choose from a selection of four furniture and amenities packages highly curated by One&Only to ensure homes are remarkably designed and furnished upon arrival.

 

“What’s so interesting about these homes is they aren’t just positioned to capture ocean views,” said Ricardo Santa Cruz, President and CEO of RSC Development, a developer partner with RLH Properties on Mandarina. “Rick Joy and his team configured the homes to offer a rich and varied backdrop that immerses residents in nature. Some rooms are beneath the jungle tree canopies; others capture mountain peaks descending to the ocean. Architecture is used as a way to frame the overall experience Mandarina has to offer.”

 

Residents of One&Only Private Homes will enjoy an extraordinary array of amenities for relaxation, cuisine, wellness and adventure, including those of One&Only Mandarina, Rosewood Mandarina, and the entire Mandarina community. Within moments of home will be two private beach clubs, the One&Only Spa, world-class dining, a jungle adventure outpost, and an incredible kids’ club with treehouses and a butterfly sanctuary. Miles of hiking, biking and horseback riding trails extend from the mountains to the beach and across the Mandarina Flatlands.

 

One of the community’s most distinct and remarkable offerings will be the Mandarina Polo & Equestrian Club, where riders from all over the world will gather to learn, practice and compete. It will host several international events each year, featuring open-air jumping and dressage arenas, two tournament-sized polo fields and a polo lounge. Horseback riding lessons for the whole family and children’s activities will also be offered.

 

Tremendous planning and forethought went to the programming of amenities within the master-planned Mandarina community to offer residents authentic experiences as diverse as the landscape itself. Mandarina is situated amidst one of the last remaining beachfront jungles in Mexico, along a 200-mile stretch of the Pacific Coast. Riviera Nayarit boasts a rich biodiversity and some of the best climate conditions in the world, with 345 days of sunshine a year and average temperatures in the low 80s.

 

An easily accessible destination, Mandarina is located minutes from the surfing mecca of Sayulita and the charming resort town of Punta de Mita. It is a less than one-hour drive north of the Puerto Vallarta International Airport, a drive that will be shortened to 30 minutes when the region’s new highway is completed in 2019. The airport welcomes direct 2 to 3-hour flights from the Southern U.S., as well as direct flights from a host of other U.S., Mexican and Canadian cities.

 

Construction of the One&Only Mandarina beach resort has commenced, with One&Only Private Homes set to get underway this spring.