Largest commercial deal of 2013

commercial real estate in los cabosThe commercial real estate activity in Los Cabos area has been rising in past few years. Areas closest to the water are in high demand. We have seen a number of developers to break ground this year on master planned communities that includes Villas del Mar Developer with Villas at la Montana, Puerto Los Cabos with custom single family homes and beautiful golf-course condos, Cabo del Mar Ocean and EcoPark (near Los Cabos Country Club), Copala at Quevira on Pacific side and many many others.

But largest deal was made at the end of September when New York based MetLife and Thayer Lodging based in Annapolis purchased Hilton Los Cabos Hotel for undisclosed amount. The hotel has 365 rooms with access to private cove for swimming and water sports. It is located in Corridor between San Jose del Cabo and Cabo San Lucas. Across from Hilton hotel there is Cabo Real golf course which makes it perfect destination for golfers year round.

We have seen a number of hotel deal this year but Hilton hotel sale is the largest deal thus far.