MILL VALLEY, Calif., Oct. 16, 2006 - Auberge Resorts, a leading resort investment development and management company, today announced that the company and partners The Levy Organization, a real estate development company led by pioneering restaurateur Larry Levy, and Flynn Properties, a San Francisco-based property development firm, 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."
About The Levy Organization
Chicago based Levy Organization was founded by Larry Levy, who is also Chairman of Levy Restaurants. Acclaimed for its award-winning restaurants, including Spiaggia and Bistro 110 in Chicago and Fulton's Crab House in Portobello Yacht Club at Walt Disney World, the company pioneered the concept of premium dining in sports and entertainment venues in 1982 and has hosted events such as the Super Bowl, NBA All-Star Games, World Series and the Grammy Awards. The company also has been involved in many of Chicago's major real estate projects, including One Magnificent Mile, the Chicago Mercantile Exchange Center, River Bend, and One South Dearborn. Levy is also currently developing The Fairfax, a luxury fractional ownership resort in the heart of Miami's South Beach.
About Flynn Properties (FPI)
Founded in 1994 by Greg Flynn, San Francisco-based Flynn Properties is a real estate and restaurant investment and management company. Through its investment funds and affiliates, Flynn Properties has originated, financed and managed more than $500 million of investments in real estate assets and restaurant companies.
About Auberge Resorts
Auberge Resorts is a collection of exceptional hotels, resorts and private clubs, each with a unique personality that assures a memorable guest experience. Among the distinctive properties are Auberge du Soleil, Napa Valley; Esperanza, Cabo San Lucas; Calistoga Ranch, Napa Valley; and The Inn at Palmetto Bluff, South Carolina, with several others currently in development. While Auberge Resorts nurtures the individuality of each establishment, all are characterized by a set of communal elements: intimate, understated elegance; captivating locations that inspire exceptional cuisine and spa experiences; and gracious yet unobtrusive service.
|Also See:||Auberge Resorts New Hotel Concept Being Built in Calistoga, California - the 89-room Cottage-style Solage / May 2006|
|Next Chapter for Chicago Restaurateur, Larry Levy, Are Luxury Hotels in South Beach and Cabo San Lucas / September 2006|