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 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' ClubKidsOnly 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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