In order to allocate resources to the construction and operation of the hotel complex and residential development Park Hyatt Los Cabos, Baja California Sur, the granting of a green loan for 127.5 million dollars was announced.

This development will add to the offer of one of the most attractive destinations in the world, it will contribute to a comprehensive tourist transformation in Los Cabos, merging the landscape of the desert and the sea, creating harmony with the environment on an 11-hectare site.

Sordo Madaleno Arquitectos (SMA), will be the firm in charge of the architectural design that has 85 years of experience and SOMA, its sister company, will be in charge of real estate development.

Among the main sustainable elements of this project will be the integration of green roofs, the use of endemic species in the landscaping design that allows optimizing water demand.

The landscape design will be adjusted to the species used in the development of Cabo del Sol, most of them endemic and desert type.

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The operation had the second opinion of the company Valora Consultores, who carried out the environmental impact study and, in addition to the compliance criteria of the Equator Principles (EPs, for its acronym in English), determined the compliance criteria under which The reduction of the environmental impact (reduction of energy consumption per room) of the Hotel's operations during the life of the credit will be evaluated.

In this regard, José Juan Sordo Madaleno de Haro, Vice President of SOMA highlighted the importance of the new project: "For SOMA, the ambitious Park Hyatt Los Cabos project in such a vibrant and promising area represents a cornerstone in real estate development in Mexico and in the hospitality industry under an environmental vision.

We are excited and grateful for the synergies between the parties involved to make this project possible."

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For his part, Camilo Bolaños, Vice President of Development for the Americas at Hyatt, said that this brand that Hyatt seeks greater growth in its luxury portfolio, for which he said he was enthusiastic about collaborating with BBVA Mexico and SOMA to continue the expansion of the Mark.

This loan will bring the first Park Hyatt hotel in Mexico, and will mark a milestone in the financing of hotels that incorporate environmental care criteria developed by SOMA, said Alejandro Cárdenas Bortoni, general director of Corporate Banking, Government, Mortgage and Automotive of BBVA Mexico. .

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Original note