Confidential Briefing

Prepared Exclusively for
Raymond Dellovo

International Loan Network (ILN)

Gabriel Robles-Velarde · Cortez Bay Development Partners, LLC

La Paz · Baja California Sur · Mexico

Cortez Bay™

Where the Sea of Cortez meets the world's most extraordinary resort community

5,000
Residences
13
Hotels
1,756
Acres
1.74 mi
Beachfront
The Vision

Mexico's Next Great
Tourism Destination

La Paz sits on the Sea of Cortez — Jacques Cousteau's "world's aquarium" — with 2.8 km of pristine Baja beaches. 350 days of sunshine, direct flights from Los Angeles, and the lowest crime rate in Mexico. International arrivals surged 194% between 2019 and 2024. This is the same gap that Cancún had in 1975.

194%
Arrival Growth
350
Days of Sun
90 min
From Los Cabos
20 min
From La Paz Int'l Airport
The Film

Cortez Bay in Motion

A 72-second animated flythrough: the development mix, 5,000 Trilogy homes, Jack Nicklaus championship golf, the 200-slip marina, and the oceanfront hotel district.

Watch the Cortez Bay Film
72-second animated flythrough · opens on YouTube
The Asset

$344 Million
Appraised Value

1,754 acres of bayfront land independently appraised at $344 million USD. Fortress-level collateral protection at 21.8% loan-to-value.

1,754
Acres
$344M
Appraised
21.8%
LTV
Master Plan by EDSA

Designed by the Architects
of Atlantis Bahamas

500+ resort projects on six continents. 250+ design awards. EDSA's master plan for Cortez Bay integrates oceanfront hotels, residential villages, championship golf, a full-service marina, and Mexico's first integrated vertical farm.

13 Hotels

183 acres oceanfront
6,000+ rooms

5,000 Homes

20 villages
4 collections

Nicklaus Golf

18-hole Signature
championship course

Marina

200+ slips
yacht club

Jack Nicklaus Championship Golf

18-Hole Course
Master Plan

18-Hole Golf Course Routing Plan

Preliminary 18-hole routing — the course threads through 14+ residential villages, the hotel district, and the educational campus, with desert, mountain, arroyo, and coastline features in a single routing.

Cortez Bay Master Plan
Master Plan — Approved

Total Development
Program

13 Hotels
75.3 ha · $490M · 6,000 keys
~5,000
Residential Units
10 Models
Trilogy® by Shea Homes
18 Holes
Nicklaus Signature Golf

Master plan approved by Greg Watkins, AIA. Full hotel-by-hotel pricing and development program detail available in the companion one-pager.

Strategic Relationship

A Personal Introduction to
The Golden Bear

Nicklaus Design
Gabriel Robles-Velarde with Jack Nicklaus

Gabriel Robles-Velarde with Jack Nicklaus — "The Golden Bear" — ahead of Cortez Bay's Nicklaus Design golf course proposal

Nicklaus Design Proposal

450 Courses. 47 Countries.
One Signature Standard.

Nicklaus Design has submitted its formal design proposal for Cortez Bay: an 18-hole "Nicklaus Design" championship course led by a Senior Designer personally trained under Jack Nicklaus. The $750,000 design fee is staged across four milestones — 20% at signing, 20% at design commencement, 30% through plan documents, 30% through construction. Deliverables include the final routing and staking plan, strategy plan, full-color marketing rendering, grading and drainage plans, and green detail field books — with rights to the Nicklaus Design name and logo in all marketing, a dedicated Nicklaus.com project page, and membership in the Jack Nicklaus International Golf Club network.

50+ yrs
Design Legacy
450
Courses Open
$750K
Design Fee — Staged
24–36 mo
Build Timeline
Hotel Parcel Auction

$474.8 Million
Aggregate Value

A sealed-bid auction of 13 oceanfront hotel parcels, conducted by a world-renowned auction house. Target operators: Four Seasons, Marriott, Hilton, Hyatt, Grupo Vidanta, Palace Resorts — brands that need expansion land no longer available in Los Cabos.

13
Oceanfront Hotels
$80K
Per Key Reserve Price
75%
Appreciation Upside
Resort Lifestyle

The Cortez Bay
Resort Club

Bar & Restaurant
BAR & RESTAURANT
Pool & Spa
POOL & SPA
Grand Dining
GRAND DINING

90,000 SF · 4 Restaurants · 3 Bars · 3 Pools · Full Spa · Tennis · Pickleball · Nicklaus Golf · Wine Cellar · Amphitheater

Residences

Four Collections
$350K to $4M+

Bahía

From $350K

Arena · Marea · Coral
Brisa · Perla
1,342–1,710 sf

Marina

From $500K

Viento · Solsticio · Sereno
Luna · Caleta
1,811–2,287 sf

Pacific

From $800K

Horizonte · Montaña · Cielito
Estrella · Arrecife
2,400–3,100 sf

Cortez Signature

From $1.5M

Olas · Infinito · Paraíso
Legado · Mar Adentro
3,249–6,500+ sf

Indoor-outdoor desert living · Rolling wall systems · ICF hurricane & earthquake rated · Golf cart community

The Evia Model

Desert Contemporary
Indoor-Outdoor Living

Evia Exterior Twilight
Great Room
Family Room
Chef's Kitchen
Primary Bedroom
Evia Exterior

Stone & stucco desert architecture · Floor-to-ceiling glass walls · Open-concept chef's kitchens · Private courtyard living · 3-car garages · ICF rated

Trilogy by Shea Homes

Typical Interiors of
Our Shea Trilogy Homes

PRIMARY BEDROOM
PRIMARY BEDROOM
DEN / FLEX ROOM
DEN / FLEX ROOM
GREAT ROOM
GREAT ROOM
GUEST BEDROOM
GUEST BEDROOM
PRIMARY BATH
PRIMARY BATH
COVERED PATIO
COVERED PATIO
VALLETTA EXTERIOR
VALLETTA EXTERIOR
OPEN-PLAN LIVING
OPEN-PLAN LIVING
CHEF'S KITCHEN
CHEF'S KITCHEN

Trilogy model photography — representative interiors across the collection. Model floor plans available in the document package on request.

Residential Development Partner

Our Partnership With

Trilogy by Shea Homes

America's leading active-lifestyle homebuilder · 5,000 residences · 20 neighborhoods across Cortez Bay

Trilogy by Shea Homes

10 Product Lines
5,000 Residences

Sunstone Collection
Evia
1,552 sf · 2 bd · 2 ba
From $429,990
Valletta
1,669 sf · 2 bd · 2.5 ba
From $440,990
Dream
1,647 sf · 2 bd · 2 ba
From $489,990
Flourish
1,811 sf · 3-4 bd · 2 ba
From $504,990
Connect
1,848 sf · 3 bd · 2 ba
From $543,490
Synergy
2,061 sf · 3 bd · 2 ba
From $567,490
Excite
2,041 sf · 2 bd · 2 ba
From $617,490
Liberty
2,366 sf · 3 bd · 3 ba
From $673,990
Verde Collection
Dorado
3,249 sf · 3 bd · 3 ba
From $1,553,000
Latigo
2,644 sf · 3 bd · 3 ba
From $852,000

$429,990 – $1,553,000 · ICF construction — Cat 5 hurricane / seismic rated · Additional Trilogy models to be introduced as the project progresses

Amenities

Everything. On Site.

Nicklaus Golf

18-hole championship

Marina

200+ slips · yacht club

🏖️

Beach Club

Oceanfront pools & cabanas

🍽️

Malecón

80+ restaurants & shops

🌱

Farm in the Sky™

Vertical agriculture

🏥

Wellness Hospital

24-hour medical center

🎓

University

Hospitality & marine

🚴

Trails & Parks

15+ miles connected

Farm in the Sky™

The Future of
Resort Agriculture

Every salad, herb, and strawberry served across Cortez Bay's 13 hotels and 80+ restaurants — grown on-site in 35-foot hydroponic vertical towers. Harvested this morning. On your plate tonight.

VERTICAL GROWING TOWERS
HYDROPONIC NURSERY
HARVEST-READY GREENS
FARM-TO-TABLE SALAD
FRESH DAILY HARVEST
FROM TOWER TO PLATE
0 km
Food Miles
95%
Less Water
365
Days Harvest
500+
Towers
Leadership

Built by the Man
Who Built Cancún

Gabriel Robles-Velarde served as Director of Equity Investments at FONATUR, creating Mexico's master-planned tourism destinations — Cancún, Ixtapa, Los Cabos. Over fifty years of international hospitality development. 320+ completed projects. More than four billion dollars in delivered value.

USC Marshall School of Business · FONATUR · Knights of Malta OSJ

Prepared Exclusively For Allan Desgrottes

Two Capital Alternatives
Your Clients’ Choice

Identical terms, differing only in scale — a joint venture capital facility secured against the $436,000,000 independent appraisal (Cojab, February 2026), covering land acquisition, Phase 1 infrastructure, the Nicklaus Signature golf course, entitlements, and working capital.

Alternative A

$50,000,000

~11.5% Day-1 LTV
Joint Venture LLC
Gabriel Robles-Velarde, Managing Development Partner

Alternative B

$100,000,000

~22.9% Day-1 LTV
Same structure, expanded scope
Accelerated infrastructure buildout

$436M
Independent Appraisal
$2.33B
Total Buildout Value
13
Hotel Parcels · 6,000 Keys

Cortez Bay™

Prepared Exclusively For

Allan Desgrottes

The Sea of Cortez Awaits

Gabriel Robles-Velarde

Managing Partner & CEO

Cabo Resort Development Partners, LLC

grobles@bajaresortadvisors.com  ·  (858) 254-8995

© 2026 CRDP — Cortez Bay™ All Rights Reserved · Confidential

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