Los Cabos Branded Residences Compared — Montage vs Four Seasons vs Park Hyatt

Three branded residence programs are now competing for ultra-luxury buyers in Los Cabos: Montage at Santa Maria Bay ($4M-$10M+), Four Seasons at Cabo del Sol ($3.5M-$12M+), and Park Hyatt at Cabo del Sol (opening 2026, $2.5M-$8M+). Here is how they compare on price, fees, rental income, location, services, and long-term value — from someone who has walked all three properties.

1. Montage Los Cabos — The Forbes Five-Star Standard

Montage Los Cabos opened in 2018 on Santa Maria Bay — one of the only swimmable beaches along the Corridor. The residence program launched shortly after with 52 units ranging from two-bedroom suites to expansive multi-bedroom villas, priced from approximately $4M to $10M+ depending on size and view.

What separates Montage from the competition:

• Forbes Five-Star rating — one of only a handful of properties in all of Mexico to hold this distinction. This is not just marketing — it affects resale value, rental demand, and the caliber of service you receive daily.
• Santa Maria Bay location — a protected cove with calm, swimmable water. Snorkeling right off the beach. This is the most coveted stretch of the Corridor for waterfront living.
• Residence inventory is tight — with only 52 units, turnover is low and demand consistently outstrips supply. Resales rarely sit on the market longer than 90 days.
• Design quality — exposed stone, warm wood, Mexican-contemporary aesthetic that ages well. Montage residences do not feel like hotel rooms with kitchens — they feel like homes.

Appreciation has been strong: original buyers at $3.5M-$4M for two-bedroom residences have seen values reach $5M-$6M+ on resale, a 35-50% increase since opening. According to regional brokerage data tracked by Ronival, Montage consistently trades at the highest price per square foot in the entire Los Cabos market.

Montage Rental Program

The rental program at Montage is optional — owners are not required to participate. Those who do place their unit in the Montage rental pool, which is managed by the resort's team under the Montage brand standards. Nightly rates for two-bedroom residences in the rental program range from $1,500 to $3,000+ depending on season.

The revenue split is competitive but not publicly disclosed in detail. Expect the operator to take 40-50% of gross rental revenue to cover marketing, booking, housekeeping, guest services, and maintenance. For owners who use their residence 60-90 days per year and rent the remainder, annual rental income can offset a significant portion of carrying costs (HOA, property taxes, fideicomiso fees).

2. Four Seasons at Cabo del Sol — Legacy Brand, Golf Corridor

Four Seasons entered Los Cabos through Cabo del Sol, one of the Corridor's most established master-planned communities. The resort and residences sit alongside two championship golf courses — the Tom Nicklaus-designed Ocean Course and the Tom Weiskopf-designed Desert Course — creating one of the most complete luxury resort experiences in Mexico.

The residence program offers both villas and branded condominiums, with pricing ranging from approximately $3.5M for smaller units to $12M+ for beachfront villas. The total inventory exceeds 60 units across multiple phases.

Four Seasons differentiates on:

• Brand legacy — Four Seasons is arguably the most recognized luxury hotel brand globally. That recognition translates directly into rental demand from guests who specifically seek Four Seasons properties on travel platforms.
• Golf integration — direct access to two championship courses with preferred tee times and member pricing for residence owners. This is a meaningful differentiator for the golf-centric buyer.
• Managed rental program — Four Seasons manages the rental operation end-to-end under their brand standards. You do not need a separate property manager. Nightly rates for villas in the rental program range from $2,000 to $5,000+ depending on size and season.
• Established resale market — with units sold since 2018, there is actual resale data. Appreciation has been exceptional: 40-60% over the first five to seven years of ownership, outpacing the broader Cabo luxury market.

The proximity to Twin Dolphin and the broader Corridor puts Four Seasons residents within minutes of multiple beach clubs, restaurants, and the Montage property — creating an ultra-luxury neighborhood density that benefits all properties in the area.

3. Park Hyatt at Cabo del Sol — The New Contender

Park Hyatt is the newest entry in the Los Cabos branded residence arena, also situated within the Cabo del Sol master community. The property is slated for its first openings in 2026, offering approximately 45+ residences priced from $2.5M to $8M+.

For a deep dive on the hotel and resort component, see our Park Hyatt first look. Here I am focused on the residence-specific economics.

Park Hyatt brings a different value proposition:

• Lower entry price — at $2.5M for entry-level residences, Park Hyatt offers the most accessible branded residence in Los Cabos. This opens the product to a wider buyer pool and creates stronger secondary demand at resale.
• World of Hyatt Globalist status — residence owners receive automatic Globalist status (Hyatt's highest loyalty tier), which includes suite upgrades, free breakfast, waived resort fees, and late checkout at 1,300+ Hyatt properties worldwide. This is a tangible annual benefit worth $5,000-$10,000+ for frequent Hyatt travelers.
• Hyatt-managed rental program — residences can be placed in the hotel rental pool when not in personal use. Hyatt manages the entire operation. For a brand with strong corporate and group travel relationships, this could drive higher and more consistent occupancy than peer programs.
• New construction — everything is modern, efficient, and warranty-covered. No deferred maintenance, no dated finishes. First owners get the best of the product lifecycle.

The risk with Park Hyatt is the lack of track record — there is no resale data yet, no established appreciation curve, and no proven rental income numbers specific to this property. You are buying on brand strength, location, and the broader Los Cabos market trajectory. For pre-construction and new-build considerations, see our pre-construction vs resale guide.

4. Rental Income — Head to Head

The rental program is where branded residences justify their premium. According to Savills' Global Branded Residences Report, branded residences worldwide command 30-50% higher rental rates than comparable non-branded properties. Los Cabos tracks with this global trend.

Estimated annual rental performance for a two-bedroom residence (owner uses 60 days, remainder in rental pool):

• Montage: Average nightly rate $1,800-$2,500. Occupancy 70-80% of available nights. Estimated gross rental revenue: $140,000-$180,000/year. Net to owner (after 40-50% operator share): $70,000-$108,000.
• Four Seasons: Average nightly rate $2,000-$3,000. Occupancy 65-75%. Estimated gross: $130,000-$170,000/year. Net to owner: $65,000-$102,000.
• Park Hyatt: Projected nightly rate $1,500-$2,200. Projected occupancy 60-70% (first-year ramp). Estimated gross: $95,000-$130,000/year. Net to owner: $47,000-$78,000.

These are estimates. Actual performance depends on your unit's size, view, floor, and the season. But the directional message is clear: branded residences generate meaningfully more rental income than a comparable unbranded condo or villa at Maravilla or Twin Dolphin — enough to cover most or all of the higher carrying costs.

5. Location Analysis

Montage sits on Santa Maria Bay — a protected cove roughly midway along the Tourist Corridor between Cabo San Lucas and San Jose del Cabo. This is one of three swimmable bays in the Corridor (alongside Chileno Bay and portions of Palmilla). The bay itself is a national marine park, which means no jet skis, no motorized water sports, and exceptional snorkeling. It is the most exclusive beachfront setting of the three.

Four Seasons and Park Hyatt are both within Cabo del Sol, approximately 10 minutes west of Montage along the Corridor. Cabo del Sol is a mature master community with two golf courses, established infrastructure, and a mix of residential and hotel development. The two branded properties are neighbors — sharing golf access and benefiting from the community's scale — but operate independently.

All three locations are 15-25 minutes from SJD International Airport, 10-15 minutes from downtown San Jose del Cabo, and 20-30 minutes from Cabo San Lucas marina. The Corridor is the sweet spot — close to both towns without being in the traffic of either.

6. Appreciation and Resale

Branded residences have been the strongest-performing asset class in Los Cabos real estate over the past five years. According to brokerage data compiled by Ronival across the Corridor market:

• Montage — 35-50% appreciation since 2019 opening. Limited resale inventory (tight supply supports pricing).
• Four Seasons — 40-60% appreciation since 2018. Strongest resale activity of the three programs given longer track record.
• Park Hyatt — no resale data (pre-opening). Pre-construction buyers locked in pricing 15-20% below projected delivery-day values, if historical Los Cabos pre-construction patterns hold.

For comparison, the broader Los Cabos luxury residential market (non-branded, $1M+) has appreciated approximately 25-35% over the same five-year period. Branded residences consistently outperform by 10-25 percentage points — the brand premium you pay at purchase is more than recovered through higher appreciation rates and rental income.

The premium also holds at resale in down markets. During the 2020 travel disruption, branded properties in Los Cabos saw minimal price correction (5-10%) while some non-branded inventory dropped 15-20%. The brand acts as a floor under your value.

7. The Next Wave — Amanvari and St. Regis

The branded residence pipeline is not slowing down. Two additional projects are in active development:

Amanvari at Costa Palmas: Aman's first Mexico property, located on the East Cape roughly 60 minutes north of SJD Airport. This is the ultra-premium play — individual villas with expected pricing above $10M. Aman's global brand carries the highest per-night rates in luxury hospitality, and their residence programs at Amangiri (Utah) and Amanemu (Japan) have seen 50-100% appreciation. Costa Palmas itself is transforming the East Cape into a luxury destination with its Four Seasons resort and marina already operational.

Note: Amanvari is still under construction. Artist's renderings show dramatic desert-meets-ocean architecture, but the final product and exact pricing have not been publicly confirmed as of mid-2026.

St. Regis at Quivira: Marriott's luxury tier is developing a branded residence component within the Quivira master community on the Pacific side near Cabo San Lucas. Quivira already features a Jack Nicklaus Signature golf course and dramatic Pacific coastline. Exact pricing and unit count have not been finalized. For more on the Quivira community, see our Quivira guide.

Artist's rendering: the St. Regis project at Quivira is in the design and permitting phase as of mid-2026.

8. Which One Is Right for You?

After walking all three and working with buyers across the spectrum, here is my honest take:

1. Buy Montage if: you want the proven best — Forbes Five-Star service, the best swimmable beach, the tightest inventory, and the strongest appreciation track record. You are comfortable paying a premium ($4M+) and higher annual fees for the highest-quality product. You prioritize beach and water over golf.
2. Buy Four Seasons if: you want established brand prestige with golf as a core lifestyle. The rental program is mature and proven. You want resale data and comps, not projections. The $3.5M-$12M range gives you more sizing flexibility than Montage.
3. Buy Park Hyatt if: you want the lowest entry point ($2.5M+), value the World of Hyatt loyalty ecosystem, and are comfortable buying pre-opening without historical performance data. You are a Hyatt loyalist who will use Globalist status across their portfolio. You see the lower cost basis as an opportunity for outsized percentage appreciation as the property establishes itself.

None of these is a bad choice. The question is fit — budget, lifestyle, and how much you value a proven track record versus a lower entry price. For the broader branded residence market trend and why institutional capital is flowing into Los Cabos, see our branded residences wave article.