billion dollar bet by One&Only resorts

Jan 29, 2018 Mexico Daily News

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

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Map of Mandarina, Mexico
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Rosewood MandarinaRosewood Mandarina will have a residential-style hotel and set of unique private residences beginning in 2021.

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The JettyResidents and guests will depart The Jetty for their water adventures and gather each afternoon to enjoy the sunset.

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One&Only Private HomesThe villas are located in an exquisite private location in close proximity to the One&Only Mandarina.

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Rosewood Residences Starting in 2021, Rosewood Residences will take their residents deep into nature, offering them award-winning Rosewood hospitality.

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Canalan Beach ClubThe Canalan Beach Club is located on 1.6 kilometers of pristine and golden beaches for swimming, where you can enjoy kayaking and snorkeling.

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The Point An adult-only spot nestled on the rugged mountains, Carao captures the most spectacular views of the Mandarina sunsets.

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The PlateauA different poolside relaxation and dining experience, The Plateau overlooks The Jetty and the horizon of the Pacific Ocean.

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One&Only Majahua Beach ClubLocated on the calm waters of the Pacific, the One&Only Majahua Beach Club offers a relaxing and casual elegance experience.

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One&Only SpaThe One&Only Spa offers a truly unique holistic wellness experience and outdoor treatment rooms under the trees.

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Kids' ClubThe KidsOnly Club brings Mandarina's wonders to life, with tree houses, an insect cabin, game room, nursery, sandpit, and outdoor amphitheater.

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One&Only Private HomesThe villas are located in an exquisite private location in close proximity to the One&Only Mandarina.

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The FarmLocated in the Flatlands, The Farm offers locally grown produce and a country-at-your-table restaurant.

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The OutpostThe adventures begin at The Outpost, the place to enjoy the day exploring the trails and the Mandarina jungle.

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Mandarina Polo & Equestrian ClubThe Mandarina Polo and Equestrian Club beautifies the Flatlands, offering an exceptional venue for lovers of an equine lifestyle.

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EstuaryThe Mandarina estuary houses a rich biodiversity and an exceptional bird observatory.

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