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Business Upturn
3 days ago
- Business
- Business Upturn
Thomas Financial Group and Phoenix Lender Services Close $7.5 Million USDA Business & Industry Loan for Wander / Reset Hotel Hotel Near Joshua Tree National Park, Supporting Local Job Growth and Economic Vitality
By GlobeNewswire Published on August 8, 2025, 22:21 IST JOSHUA TREE, Calif., Aug. 08, 2025 (GLOBE NEWSWIRE) — Thomas Financial Group and Phoenix Lender Services , subsidiaries of Community Bankshares Inc. , are proud to announce the successful origination, underwriting, and closing of a $7.5 million USDA Business & Industry (B&I) loan for the refinance of a construction loan to build the Reset Hotel , a high-impact hospitality project located just five minutes from the north entrance of Joshua Tree National Park. The loan was originated by TFG and funded by Community Bank & Trust (CB&T), also a subsidiary of CBI. Phoenix Lender Services (PHX), serving as the lender service provider (LSP) for CB&T, supported the underwriting and closing process, demonstrating the powerful coordination among CBI's specialized entities to move complex transactions forward quickly and efficiently. This strategic investment will create and retain over 20 jobs and is projected to generate millions in annual economic activity throughout the Morongo Basin region. The USDA loan was coupled with a $11.2MM CPACE loan as part of the capital stack as well. TFG is comfortable filling the gaps in the capital stack utilizing alternative capital sources such as CPACE, ITC, HTC, NMTC, and EB5. Situated on 11.17 acres directly adjacent to the park boundary, the 65-key modular steel-frame hotel will deliver unobstructed views of Joshua Tree National Park and provide guests with a first-of-its-kind lodging experience that blends upscale comfort with rugged natural beauty. The Reset Hotel will feature a host of premium amenities, including: A 1,000-square-foot swimming pool with a surrounding sun deck, private cabanas, and a full-service bar A 3,000-square-foot clubhouse with air-conditioned meeting space for corporate events and private functions A communal fire pit and lounge area designed to foster social connection under the stars An on-site convenience store serving both hotel guests and the local community 'This project represents everything the USDA Business & Industry program was created to support—economic revitalization, job creation, and sustainable development in rural communities,' said Zach Chandler, SVP, Government Guaranteed Lending at Thomas Financial Group. 'By originating, underwriting, and closing this loan, our team worked hand-in-hand with Reset Hotel to bring a transformative vision to life in one of the country's most iconic destinations.' With operations expected to create and retain more than 20 full- and part-time jobs, the Reset Hotel will also stimulate surrounding businesses and bring new energy to the area's service and tourism sectors. From ongoing hospitality roles and vendor partnerships, the project is expected to be a significant driver of rural economic development. 'Reset Hotel is about creating connections—to the land, to the local culture, to each other, and to ourselves,' said Adam Wininger. 'Thanks to the incredible support from Thomas Financial Group, Phoenix Lender Services and the USDA, we're building a place that doesn't just serve travelers—it helps uplift the locals and the region.' As Joshua Tree National Park continues to welcome over 3 million annual visitors, the Reset Hotel will help meet the growing demand for quality accommodations while positioning itself as a hub for both leisure and business travelers seeking a distinctive high desert experience. For more information about Thomas Financial Group and Phoenix Lender Services' USDA lending solutions, please contact: Media Contact:Hannah ConleyUproar by Moburst for Community Bankshares Inc. [email protected] About Thomas Financial Group (TFG) Thomas Financial Group, located in Atlanta, Georgia, is a nationally recognized leader in providing innovative and comprehensive commercial lending solutions tailored to meet the unique needs of rural and underserved communities across America. With over 40 years of experience in originating and packaging loans within the USDA and SBA government-guaranteed lending space, TFG's highly capable team helps clients successfully navigate even the most complex financing scenarios to meet the needs of our nation's businesses. TFG is a wholly owned subsidiary of CBI. About Phoenix Lender Services Based in Georgia and serving clients nationwide, Phoenix Lender Services offers a comprehensive suite of commercial lending solutions, including loan underwriting, closing, and servicing; participant lender matching; secondary market sales; portfolio management; risk analysis; and compliance reviews and regulatory support. Seasoned professionals at Phoenix combine extensive industry expertise in SBA, USDA, and commercial government-guaranteed lending with industry-leading technologies to deliver tailored solutions that align with each client's unique strategic goals. Phoenix Lender Services is leading the way in SBA, USDA, and commercial lending. About Community Bankshares Inc. Community Bankshares Inc. is a privately held financial holding company headquartered in LaGrange, Georgia, with subsidiaries including Community Bank & Trust , Thomas Financial Group , and Phoenix Lender Services . Through its network of specialized financial institutions, Community Bankshares Inc. delivers innovative, relationship-driven banking and lending services across the United States, with a strong emphasis on rural development, government-guaranteed lending, and community reinvestment. About Community Bank & Trust Community Bank & Trust is a full-service commercial bank and a subsidiary of Community Bankshares Inc. Based in LaGrange, Georgia, CB&T is an SBA Preferred Lender with a growing national footprint in USDA and small business lending. Known for its personalized service and deep lending expertise, CB&T partners with businesses and communities to deliver flexible, dependable financing solutions that support long-term growth across rural and underserved markets. About Wander Hotel also known as Reset Hotel Opening August 2025, Wander Hotel—also known as Reset Hotel—is a new 180-acre boutique property just minutes from Joshua Tree National Park. Designed by renowned architect Ben Uyeda, the modular-built retreat offers 65 design-forward rooms featuring private patios, mountain views, and eco-luxury amenities. The property includes a clubhouse with co-working space, curated retail, and a café/bar led by Chef Alvaro Castellanos. Guests can relax by the pool and jacuzzi or explore the surrounding desert landscape. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
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Travel + Leisure
23-07-2025
- Business
- Travel + Leisure
A New Hotel Near California's Joshua Tree National Park Has 65 Impressive, Steel-frame Units Built to Look Like Shipping Containers
Reset Hotel, a minimalist desert escape just outside Joshua Tree National Park's north entrance, opened on July 21 as the area's first new-build hotel in 15 years. Situated on 180 acres within the town of Twentynine Palms, the boutique hotel is the second high-profile opening in town this year. The project is the result of the partnership between Adam Wininger and architect and product designer Ben Uyeda, who has a popular how-to YouTube series about shipping container houses. Wininger was sold on the potential of steel-frame modular construction after visiting Uyeda in the home he designed and built. The duo was also aligned on why introducing a hotel made sense in a community negatively impacted by the short-term vacation rental boom. "We like to feel that we're helping not only people stay at the park, but it takes some pressure off the housing supply," says Wininger. Reset features 65 guest rooms with discreet fold-down desks (but no TVs), patios, firepits, and outdoor seating. Moonlight Queen rooms—measuring 160 square feet and 320 square feet of patio space—are grouped in pairs within each modular unit. Larger 320-square-foot Mountain King Suites occupy the entire module and boast 500-square-foot patios, complete with outdoor soaking tubs. All accommodations are stocked with Flamingo Estate toiletries and Fellow pour-over coffee stations. The interiors, created in collaboration with branding and design studio Gry Space, are a study in kaleidoscopic neutrals, with rich, earthy textures against the sand and rock-strewn backdrop. Sliding doors open up to private patios in each room, which Wininger says are "designed to be more like the outdoor living room." Stargazing is serious business out here, so guests can pick from either a dedicated platform or lie-flat daybeds. Daybeds lay around the outdoor pool. "Once you get to Reset, you're forced into this moment of pause and to feel the surroundings," adds Whitaker. The on-site restaurant, Split Rock Bistro, is still in the works. When it opens, it will offer all-day food and beverage service with a focus on seasonal fare of locally inspired flavors. Until then, guests can enjoy the expansive scenery from the 1,600-square-foot saltwater pool and Jacuzzi, flanked by cabanas and lounge chairs. Other wellness highlights include a five-person sauna, cold plunge, and yoga classes. The 3,000-square-foot Club House features a co-working space, a boutique, and a communal firepit. "I don't think it's our place to overly dictate what people do. We want to create platforms and opportunities to choose your own relaxation adventure," Uyeda says. Beyond the footprint of Reset, the hotel's grounds encompass over 100 acres of desert to explore and experience rotating art installations. Nightly rates at Reset start from $250, and you can book your stay at
