BajaNews - 10-17-2006 at 02:06 PM
http://sev.prnewswire.com/travel/20061016/LAM03716102006-1.h...
MILL VALLEY, Calif., Oct. 16 /PRNewswire/ -- 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.
"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."
"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."