Auberge Buys Esperanza in Cabo San Lucas, Mexico
OCTOBER 17, 2006. Auberge Resorts announced that the company and partners The Levy Organization have completed the acquisition of Esperanza, the award-winning luxury resort in Cabo San Lucas, Mexico. Auberge Resorts has operated the resort since it opened in 2002.
Spread across 17 lushly landscaped acres overlooking two secluded coves on the Sea of Cortez, Esperanza offers earthy elegance with its collection of warm-hued casitas, winding stone pathways, waterfront pools, accommodations and private residence club, all featuring spectacular 180-degree vistas of sky and sea. The hotel features 56 suites appointed with original Latin American artwork and handcrafted furnishings, private infinity-edge soaking pools, a terraced ocean-front restaurant and an acclaimed spa featuring private garden treatment rooms, steam caves and grottos. The resort also offers a 60-villa private residence club.
Since it opened, Esperanza has received the highest accolades from guests, the travel industry and the media and has consistently been praised as one of Mexico's top resorts in Travel + Leisure, Conde Nast Traveler, Robb Report. Esperanza was recently ranked the number 3 international luxury resort by Andrew Harper's Hideaway.
"We've been intimately involved with every detail of Esperanza since before it was on the drawing table, and it is one of the jewels in our resort portfolio," said Mark Harmon, Principal and Chief Executive Officer, Auberge Resorts. "This acquisition is the culmination of our efforts to create the best resort in Latin America. Each member in the ownership group will bring distinctive expertise to Esperanza, which we'll leverage to our guests' benefit. Together, we'll continue the tradition of providing gracious hospitality and unique experiences that our guests cherish."
"We are delighted to be a part of Esperanza, which, in a few short years, has established itself as one of the world's top luxury resorts," said Larry Levy, Co-Founder and Chairman of Chicago-based Levy Restaurants, and Chairman and CEO of The Levy Organization. "We're looking forward to applying our talent and passion for the hospitality industry and exploring some exciting enhancements."
"Esperanza's in a favorable position, having opened strongly and consistently maintained its momentum," said Greg Flynn, Founder and Chairman of Flynn Properties, Inc., San Francisco. "Los Cabos is one of the hottest vacation destinations, and all signs point to it only growing more popular, as new audiences from the East Coast, Europe and Latin America discover it. We see a continued strong outlook for Esperanza and believe it will remain one of the most sought-after resorts in Mexico."
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