Joshua Tree, CA, August 12, 2025
News Summary
Thomas Financial Group and Phoenix Lender Services have secured a $7.5 million USDA Business & Industry loan for the Reset Hotel project near Joshua Tree National Park. Scheduled to open in August 2025, the hotel will feature 65 modular guest rooms and create over 20 jobs, aiming to enhance the local economy and tourism in the Morongo Basin. The project combines upscale accommodations with stunning desert views, catering to both leisure and business travelers.
Joshua Tree, CA – Thomas Financial Group (TFG) and Phoenix Lender Services, subsidiaries of Community Bankshares Inc., have announced the closure of a significant $7.5 million USDA Business & Industry loan aimed at the Reset Hotel project near Joshua Tree National Park. This funding will refinance an existing construction loan, furthering the establishment of the unique hospitality venue located only five minutes away from the park’s north entrance.
The USDA loan was issued through TFG and funded by Community Bank & Trust, another subsidiary of Community Bankshares Inc. In addition to the USDA loan, an $11.2 million CPACE loan has been combined to form the project’s financial foundation. The anticipated economic impact of this investment includes the creation and retention of over 20 full- and part-time jobs, along with generating millions in annual economic activity within the Morongo Basin region.
Slated for an August 2025 opening, the Reset Hotel will boast 65 modular steel-frame guest rooms, strategically designed to offer unobstructed views of the stunning Joshua Tree National Park. Combining upscale comfort with the rugged beauty of the desert landscape, the hotel aims to offer visitors a distinctive lodging experience.
Project Details and Community Impact
The Reset Hotel’s design prioritizes both leisure and business travelers, incorporating premium amenities tailored to meet their diverse needs. The investment in this hospitality project is expected to stimulate the surrounding businesses and enhance local service and tourism sectors, benefitting the greater community.
The location of the hotel on approximately 11.17 acres adjacent to Joshua Tree National Park positions it as a fitting option for travelers looking to explore the park, which attracts over 3 million visitors annually. By responding to the growing need for quality accommodations in the area, the hotel plays an integral role in supporting tourism.
Facilities and Guest Experience
Aside from guest accommodations, the Reset Hotel will feature various communal spaces and amenities designed for relaxation and social interaction. Planned facilities will include a clubhouse, co-working areas, and a café/bar, enriching the guest experience by encouraging connections between visitors and the local culture.
Strategic Goals and Statements
This initiative embodies the goals of the USDA B&I program, which emphasizes economic revitalization and sustainable development. Insights from the project’s proponents indicate a commitment to fostering meaningful experiences between guests and the environment, aligning with the overall vision of enhancing not only the tourist experience but also uplifting the local community in Joshua Tree.
As the Reset Hotel prepares for its anticipated opening, it is well-positioned to make a positive impact on the local economy and provide a unique retreat experience amidst the natural beauty of the Joshua Tree landscape.
Key Features of the Reset Hotel
| Feature | Description |
|---|---|
| Location | 11.17 acres near Joshua Tree National Park |
| Rooms | 65 modular steel-frame guest rooms |
| Amenities | Clubhouse, co-working areas, café/bar |
| Projected Opening | August 2025 |
| Job Creation | Over 20 full- and part-time jobs |
| Visitor Attraction | 3 million visitors annually to Joshua Tree National Park |
| Economic Impact | Millions in annual economic activity in Morongo Basin |
FAQs
What is the Reset Hotel?
The Reset Hotel is a new hospitality project located near Joshua Tree National Park, offering unique accommodations and amenities designed for both leisure and business travelers.
When is the hotel set to open?
The Reset Hotel is projected to open in August 2025.
How many jobs will the hotel create?
The project is expected to create and retain over 20 full- and part-time jobs.
What amenities will the Reset Hotel offer?
The hotel will feature a clubhouse, co-working areas, and a café/bar among other amenities designed to enhance guests’ experiences.
What is the significance of the USDA loan?
The $7.5 million USDA loan is aimed at refinancing an existing construction loan for the hotel, signifying support for the project’s economic impact and sustainable development goals.
Deeper Dive: News & Info About This Topic
HERE Resources
Additional Resources
- Thomas Financial Group and Phoenix Lender Services
- Forbes: A Stunning Shipping Container Hotel Opens
- REBusiness Online: Construction Loan for Reset Hotel
- Hotel Online: Coast Rehoboth Beach Opening
- CoStar: Mercedes-Benz Selects Miami for Residences
- Wikipedia: Joshua Tree National Park
- Google Search: Reset Hotel near Joshua Tree
- Google Scholar: Economic Impact of Hotels
- Encyclopedia Britannica: Hotel
- Google News: Joshua Tree Hotel Development
Author: STAFF HERE PHOENIX WRITER
PHOENIX STAFF WRITER The PHOENIX STAFF WRITER represents the experienced team at HEREPhoenix.com, your go-to source for actionable local news and information in Phoenix, Maricopa County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Waste Management Phoenix Open, Cactus League Spring Training, and Arizona State Fair. Our coverage extends to key organizations like the Greater Phoenix Chamber of Commerce and Visit Phoenix, plus leading businesses in technology and healthcare that power the local economy such as Intel and Banner Health. As part of the broader HERE network, including HERETucson.com, we provide comprehensive, credible insights into Arizona's dynamic landscape.
