a $1 billion bet on selling mansions in mexico - Mandarina│Resort & Residences│Riviera Nayarit, Mexico
a $1 billion bet on selling mansions in mexico
Jan 26, 2018 Bloomberg
VILLAS OVERLOOK THE PACIFIC OCEAN

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

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Map of Mandarina, Mexico
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Rosewood MandarinaRosewood Mandarina will feature a distinct, residential-style hotel and a collection of private residences, debuting in 2021.

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The JettyResidents and guests will set off from The Jetty on their seafaring adventures and gather nightly to watch the sunset.

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One&Only Private HomesThe villas are nestled within an exquisitely private location neighboring One&Only Mandarina.

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Rosewood ResidencesDebuting in 2021, Rosewood Residences will immerse residents in nature, treating them to the Rosewood brand of award-winning hospitality.

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Canalan Beach ClubCanalan Beach Club is situated along a one-mile stretch of pristine beach ideal for swimming, kayaking and snorkeling.

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The PointAn adult-only destination perched along the mountainside, The Point captures the most spectacular sunset views in Mandarina.

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The PlateauA distinct, poolside lounging and dining experience, The Plateau overlooks The Jetty and the ocean beyond.

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One&Only Majahua Beach ClubNested along the calm waters of the Pacific, One&Only Majahua Beach Club offers a setting of relaxed, casual elegance.

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One&Only SpaOne&Only Spa provides an authentically holistic wellness experience and open-air treatment rooms nestled beneath the trees.

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Kids' ClubThe Kids’ Club brings the wonders of Mandarina alive, featuring treehouses, butterfly sanctuary, water activities and nature trail.

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One&Only Private HomesThe villas are nestled within an exquisitely private location neighboring One&Only Mandarina.

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The FarmSituated within the Flatlands, The Farm features home-grown produce and a farm-to-table restaurant.

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The OutpostAdventure begins at The Outpost, the place to set off for a day exploring the trails or the jungle at Mandarina.

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Mandarina Polo & Equestrian ClubMandarina Polo & Equestrian Club graces the Flatlands, providing a remarkable destination for the equine-focused lifestyle.

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EstuaryThe estuary at Mandarina features a rich biodiversity and outstanding bird watching.

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