Saturday morning espresso and the Loreto Bay grapevine

Last night was such a great time with Jane and Sharon. We had dinner at Citron which is located in the famous Rockridge District of Oakland and then later saw Jane’s farewell video from her days at CBS. The dinner was delicious and from the CBS farewell tape, it was obvious that she was well-loved….and had purple hair at the time!

I’m now here on a Saturday morning, having an espresso and catching up on the latest news from Club Loreto Bay and Beck Loreto.

In response to yesterday’s post, “It’s the Friday Loreto Bay rumor mill: New buyer?“, Beck Loreto on their homeowner website noted:

False Report. There was a release today indicating that there was a buyer for Loreto Bay. Some of you contacted us about this, so it may be circulating. This is not the case, according to Alvarez and Marsal. The root of this confusion is that FONATUR this week agreed to take over the maintenance of the golf course and the hotel. This is old news, although good for the development. The details of this arrangement have not been disclosed.

Hmmmm…..

On Club Loreto Bay, our Baja Barry noted that the latest article (The Sudcaliforniano, July 18) seems to say that Fonatur is reopening the Inn and golf course on Monday and though no definitive buyer is announced yet, Fonatur’s operation will cease when the buyer is in place. The article also states the buyer will acquire the assets and assume construction related liabilities of TSD LP.

For those of us who have been following Loreto Bay news for the last three years or more, we know that nothing is certain until it happens so for those of you that are in Loreto, do let us know if the Inn at Loreto Bay and Golf Course are open again on Monday.

Until then, one of my favorite videos from the Inn at Loreto Bay is this one which shows you how to make pina colada: Baja-style pina colada recipe for a hot summer day.

Translated by Google Translator:

Reopen on Monday of Loreto Bay hotel
The reopening imminent sale of the hotel and golf tourism development Loreto Bay was announced yesterday at a press conference.
The Sudcaliforniano
18 July 2009

P. Elias Medina

La Paz, Baja California Sur .- At a press conference the governor Narciso Agundez and director general of Fonatur, Miguel Gómez Mont Ureta, announced the relaunch of tourism real estate project and Loreto Bay, which suspended operations for about a month ago as a result of real estate and global financial crisis and resulting in a first impact the loss of almost 450 direct jobs in Loreto and the closure of the hotel in Loreto and its golf course.

With the presence of state secretary of Tourism Alberto Treviño, director of the APIBCS Brian Westall, and the Mayor of Loreto Yuan Yee, confirmed the reopening of the hotel and golf course from this Monday and announced that two investors local, and other domestic and foreign interest in purchasing the assets of Loreto Bay, to make way for its revival.

Both the governor and the director general Agundez FONATUR made it clear that the company acquiring the assets, will also assume the commitments of labor and liabilities incurred by TDS Loreto Bay Company, a subsidiary of City Group Banamex, with different suppliers.

The governor stressed that Agundez reopening the hotel in Loreto and the golf course is a first step in the rescue of this important tourism and real estate project, but especially for its revival and recovery jobs.

Of a string FONATUR, 55% of the economically active population of the municipality of Loreto depended either directly or indirectly of Loreto Bay. The parastatal stressed that his involvement as an operator of hotel and golf course of this project will be completed once the sale process.

Moreover, this meeting with the media it was reported that there is interest from Volaris airline to establish the Tijuana-Los Cabos, Loreto, and Viva Aerobus link Loreto in Monterrey.

This, coupled with the support offered by the State Government to reopen the flight-Loreto Mexico City-San Diego via Aeromexico.

At this press conference also attended by State Secretary of Tourism Alberto Trevino Angulo, the director general of the APIBCS Brian Westall and the directors of the IPC of Loreto and Los Cabos, Alejandro Pérez Arellano and Miguel Angel Blazquez Coppel, respectively.

Source: http://www.oem.com.mx/elsudcaliforniano/notas/n1249621.htm

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  • Loni Kao Stark

    From Tribuna De Los Cabos, Translated with Google Translator:<br />
    <br />
    Fonatur is responsible for the operation of the Inn at Loreto Bay Hotel and golf course of the PIC in Loreto <br />
    July 18, 2009.<br />
    La Paz. <br />
    <br />
    As the owner of the real estate project called Loreto Bay, has reported that, following the global financial crisis and real estate suspend construction activities and operation of development that, while the transmission is achieved in the same new investors interested in the acquisition and continuation of the project, it is important that this development is in connection with the consolidation of the integral and destination of the league between now indisputable that its viability and the maturation of the IPC, the federal government-through Fonatur – and state and municipal governments have made an effort to get the main assets which are development and that the Inn at Loreto Bay Hotel and golf course set in the tourist enclave, its operations and continue to maintain their weight specific as generators of employment, as a tourist attraction and as an investment opportunity with value added. In this sense, next week through an agreement very specific loan, Fonatur is responsible for the operation of buildings listed, which will be available to tourists who require the highest quality care and service. In this regard Miguel Gomez Mont, Director General of Fonatur said: &quot;This action reflects the concern of the three levels of government for the future of Loreto and the relevance that is one of the main tourist destinations of the state, regional and factor for job creation and welfare for the inhabitants of the institution. &quot; In this way, Fonatur one of its primary functions as the Building Fund, to create and strengthen tourism development to ensure the marketing of its services in line with economic and social development of the region, with a vision of public interest and the viability of long – term, helping to create the infrastructure necessary for attracting investment to develop new tourism markets in destinations and resorts to consolidate, as is the case of Loreto. &quot;We are confident that this partnership with the sum of the wills of three levels of government will create a framework of trust and confidence in investors that might be incorporated and in which, already established, have made all kinds of resources to prosecute Loreto as Integrally Planned Center, to its consolidation and growth. We hope that the critical financial environment that was presented internationally is only a temporary situation that effort and desire to exceed the reality that provides strength to the Loreto and the potential resources that have given life and presence nationally and internationally &quot; , Gomez Mont. <br />
    <br />
    Source: <a href="http://www.tribunadeloscabos.com.mx/newpage/index.cfm?op=por&recordID=78630&seccion=Estatal&quot; target="_blank"><a href="http://www.tribunadeloscabos.com.mx/newpage/index…</a>" target="_blank">http://www.tribunadeloscabos.com.mx/newpage/index…</a></a>

  • From Tribuna De Los Cabos, Translated with Google Translator:

    Fonatur is responsible for the operation of the Inn at Loreto Bay Hotel and golf course of the PIC in Loreto
    July 18, 2009.
    La Paz.

    As the owner of the real estate project called Loreto Bay, has reported that, following the global financial crisis and real estate suspend construction activities and operation of development that, while the transmission is achieved in the same new investors interested in the acquisition and continuation of the project, it is important that this development is in connection with the consolidation of the integral and destination of the league between now indisputable that its viability and the maturation of the IPC, the federal government-through Fonatur – and state and municipal governments have made an effort to get the main assets which are development and that the Inn at Loreto Bay Hotel and golf course set in the tourist enclave, its operations and continue to maintain their weight specific as generators of employment, as a tourist attraction and as an investment opportunity with value added. In this sense, next week through an agreement very specific loan, Fonatur is responsible for the operation of buildings listed, which will be available to tourists who require the highest quality care and service. In this regard Miguel Gomez Mont, Director General of Fonatur said: “This action reflects the concern of the three levels of government for the future of Loreto and the relevance that is one of the main tourist destinations of the state, regional and factor for job creation and welfare for the inhabitants of the institution. ” In this way, Fonatur one of its primary functions as the Building Fund, to create and strengthen tourism development to ensure the marketing of its services in line with economic and social development of the region, with a vision of public interest and the viability of long – term, helping to create the infrastructure necessary for attracting investment to develop new tourism markets in destinations and resorts to consolidate, as is the case of Loreto. “We are confident that this partnership with the sum of the wills of three levels of government will create a framework of trust and confidence in investors that might be incorporated and in which, already established, have made all kinds of resources to prosecute Loreto as Integrally Planned Center, to its consolidation and growth. We hope that the critical financial environment that was presented internationally is only a temporary situation that effort and desire to exceed the reality that provides strength to the Loreto and the potential resources that have given life and presence nationally and internationally ” , Gomez Mont.

    Source: http://www.tribunadeloscabos.com.mx/newpage/index.cfm?op=por&recordID=78630&seccion=Estatal

  • From Tribuna De Los Cabos, Translated with Google Translator:

    Fonatur is responsible for the operation of the Inn at Loreto Bay Hotel and golf course of the PIC in Loreto
    July 18, 2009.
    La Paz.

    As the owner of the real estate project called Loreto Bay, has reported that, following the global financial crisis and real estate suspend construction activities and operation of development that, while the transmission is achieved in the same new investors interested in the acquisition and continuation of the project, it is important that this development is in connection with the consolidation of the integral and destination of the league between now indisputable that its viability and the maturation of the IPC, the federal government-through Fonatur – and state and municipal governments have made an effort to get the main assets which are development and that the Inn at Loreto Bay Hotel and golf course set in the tourist enclave, its operations and continue to maintain their weight specific as generators of employment, as a tourist attraction and as an investment opportunity with value added. In this sense, next week through an agreement very specific loan, Fonatur is responsible for the operation of buildings listed, which will be available to tourists who require the highest quality care and service. In this regard Miguel Gomez Mont, Director General of Fonatur said: “This action reflects the concern of the three levels of government for the future of Loreto and the relevance that is one of the main tourist destinations of the state, regional and factor for job creation and welfare for the inhabitants of the institution. ” In this way, Fonatur one of its primary functions as the Building Fund, to create and strengthen tourism development to ensure the marketing of its services in line with economic and social development of the region, with a vision of public interest and the viability of long – term, helping to create the infrastructure necessary for attracting investment to develop new tourism markets in destinations and resorts to consolidate, as is the case of Loreto. “We are confident that this partnership with the sum of the wills of three levels of government will create a framework of trust and confidence in investors that might be incorporated and in which, already established, have made all kinds of resources to prosecute Loreto as Integrally Planned Center, to its consolidation and growth. We hope that the critical financial environment that was presented internationally is only a temporary situation that effort and desire to exceed the reality that provides strength to the Loreto and the potential resources that have given life and presence nationally and internationally ” , Gomez Mont.

    Source: http://www.tribunadeloscabos.com.mx/newpage/index.cfm?op=por&recordID=78630&seccion=Estatal

  • From Tribuna De Los Cabos, Translated with Google Translator:

    Fonatur is responsible for the operation of the Inn at Loreto Bay Hotel and golf course of the PIC in Loreto
    July 18, 2009.
    La Paz.

    As the owner of the real estate project called Loreto Bay, has reported that, following the global financial crisis and real estate suspend construction activities and operation of development that, while the transmission is achieved in the same new investors interested in the acquisition and continuation of the project, it is important that this development is in connection with the consolidation of the integral and destination of the league between now indisputable that its viability and the maturation of the IPC, the federal government-through Fonatur – and state and municipal governments have made an effort to get the main assets which are development and that the Inn at Loreto Bay Hotel and golf course set in the tourist enclave, its operations and continue to maintain their weight specific as generators of employment, as a tourist attraction and as an investment opportunity with value added. In this sense, next week through an agreement very specific loan, Fonatur is responsible for the operation of buildings listed, which will be available to tourists who require the highest quality care and service. In this regard Miguel Gomez Mont, Director General of Fonatur said: “This action reflects the concern of the three levels of government for the future of Loreto and the relevance that is one of the main tourist destinations of the state, regional and factor for job creation and welfare for the inhabitants of the institution. ” In this way, Fonatur one of its primary functions as the Building Fund, to create and strengthen tourism development to ensure the marketing of its services in line with economic and social development of the region, with a vision of public interest and the viability of long – term, helping to create the infrastructure necessary for attracting investment to develop new tourism markets in destinations and resorts to consolidate, as is the case of Loreto. “We are confident that this partnership with the sum of the wills of three levels of government will create a framework of trust and confidence in investors that might be incorporated and in which, already established, have made all kinds of resources to prosecute Loreto as Integrally Planned Center, to its consolidation and growth. We hope that the critical financial environment that was presented internationally is only a temporary situation that effort and desire to exceed the reality that provides strength to the Loreto and the potential resources that have given life and presence nationally and internationally ” , Gomez Mont.

    Source: http://www.tribunadeloscabos.com.mx/newpage/index.cfm?op=por&recordID=78630&seccion=Estatal