Los Cabos – Reported by Elite Traveler, the Private Jet Lifestyle Magazine
MSD Capital and veteran Developer Ron Hatfield announced the opening of a $5 million, 10,000-square-foot health and wellness sanctuary on the grounds of his newest residential community, Espiritu Del Mar. The health club, one of the largest and most complete facilities in any community in North America, is exclusive to homeowners of the world-famous Villas Del Mar community in Palmilla and its sister community, Espiritu Del Mar.
“Along with the investments we are making in developing new home styles in Espiritu Del Mar, this represents our confidence in the viability of Cabo as a resort community for families. We are continuing to invest in the resurging Cabo market and for the long term. Del Mar Development is here to stay,” said Ron Hatfield. He continued, “We are very proud of the architecture and facilities of our new health club. We have room for classes, spa services, swimming, and most of all every kind of fitness equipment imaginable. This is a real Villas Del Mar and Espiritu treasure.”
Already rated as Mexico’s finest private fitness club, Club Espiritu offers residents the latest state-of-the-art cardio and strength equipment, a Pilates reformer studio, a Spinning studio, a Yoga pavilion, and a 25-meter lap pool – all with sweeping ocean views. The facilities are inviting and easy-to-use for novice exercisers, yet are advanced enough to meet the needs of the professional athletes who reside in the community. Relaxation amenities include steam, sauna and massage services. Club Espiritu is fully staffed by certified personal trainers and highly-trained massage therapists.
The $5 million club is an investment in the community, and a vote of confidence in the future of the Cabo market itself. While other local developers are retrenching and retreating, MSD Capital and Del Mar Development are investing and moving forward. So far, the market seems to be rewarding their approach. Hatfield reports selling four homes during January and February 2010, three exceeding the $5 million price point. “We are very encouraged by the recent sales. Year–on-year in both sales and visits, we are sensing that Cabo real estate is making a come back. By no means is the recession over, but we are seeing resourceful buyers invest their real estate dollars in quality and amenities that give pleasure to the whole family,” added Hatfield.
The increasing strength of the Cabo market was emphasized in a report to Del Mar Development by noted luxury market strategy firm Harrison Group in its annual Survey of Affluence and Wealth in America with American Express Publishing. Fourth quarter 2009 data shows a return of market interest in destination communities with Cabo in a leadership position within Mexico. The study also showed that both tourists and homebuyers have returned to pre-H1N1 “intention” levels – that is, intention to visit for a vacation or invest in Mexico real estate.
Stephen Kraus, a Harrison Group vice-president commented, “The market is looking for superb levels of quality, craftsmanship and service. What people want from Cabo is comfort, security and relaxation. As we observe the return to confidence, we are still seeing people adjust their value expectations – frills and luxury have given way to the search for real value in fit, finish and amenities that add value to life. We are not surprised that Villas Del Mar and its sister communities are finding a market in this cautious real estate environment.”
Ron Hatfield closed by noting, “We’d like to invite the interested Cabo visitor to stop by and see this fabulous new club facility and the work we are doing at Espiritu Del Mar to offer a truly extraordinary Cabo home to people and their families.”