COMMUNITY IN ITS TRUEST SENSE
We have in our neighborhoods at Espíritu what others in the corridor are scrambling to build: a finished and lived-in community with an enviable hotel, hundreds of occupied homes, and an established social network of owners. Our community is not only mostly built-out, but also self-contained.
VISION & HISTORY
Del Mar Development creates Mexico’s premier luxury communities, distinguished for their design, quality management, lifestyle and enduring value.
For decades, Del Mar Development has been successfully developing resort residential land projects in Mexico. It all began in 1994 when two Houston friends and business associates, Ron Hatfield and Kenneth Schnitzer, traveled to Los Cabos to play the new Jack Nicklaus Signature golf course in the master planned Palmilla community. Both men were visionaries with a track record for successful developments, and were blown away by the pristine, untouched Palmilla oceanfront. They purchased a sliver of land next to the Palmilla Hotel, now the One&Only Palmilla, and broke ground in 1995 on Cabo’s premier luxury community, Villas Del Mar.
They began with five homes on the beach, all of which sold before completion, and soon realized the potential to build a world-class residential resort community, distinguished by excellence in design, quality and management. The company they founded, Del Mar Development, would ultimately set the standard for high-end residential development in Mexico.
INVESTORS & MANAGEMENT
Espíritu at Palmilla is owned by MSD Capital and managed by Ron Hatfield, ensuring long-term viability and strength.
MSD Capital was established in 1998 to manage the capital of Dell Computer founder Michael S. Dell and his family. With a staff of more than 80 people and offices in New York, Los Angeles and London, MSD Capital has investments in a wide variety of public and private companies that reportedly total more than $10 billion. Among MSD’s extensive real estate holdings are luxury hotels, including the Four Seasons Resorts in Wailea and Kona, Hawaii. In addition to capital resources, MSD brings a depth of market insight and management experience to Del Mar Development.
Ron Hatfield is co-founder and President of Del Mar Development and responsible for all of its development and investment activities in Mexico. He has more than 40 years experience in real estate development and was involved in the development of several multi-family and commercial developments in his hometown of Houston, including Cypress Station, Northwest Crossing, Town and Country Shopping Center and Champions Village. Mr. Hatfield is a graduate of Rice University in Houston with a Bachelor of Business Administration and is a Certified Public Accountant. He resides in Los Cabos year-round.