Reset Hotel Secures $11.2M C-PACE Financing For Twentynine Palms Development

Reset Hotel, a development site located at 7000 Split Rock Avenue in Twentynine Palms, has secured $11.2 million in C-PACE financing from PACE Loan Group. The loan will support the construction of the hotel, which is expected to open in early 2025. The development site is situated near Joshua Tree National Park, offering potential guests convenient access to the park's attractions. Managed by Sightline Hospitality, the Reset Hotel aims to provide a unique accommodation experience for visitors to the Twentynine Palms area.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $11,200,000
• Lender: PACE Loan Group - Jacob Roth
• Landlord: Adam Wininger

Jacob Roth from PACE Loan Group played a crucial role in facilitating the financial support for the Reset Hotel project. The funding provided by PACE Loan Group will enable the development team to proceed with the construction process and bring their vision to life. Adam Wininger, the landlord of the property, is committed to working closely with the development team and ensuring the successful completion of the hotel. Together, these key individuals and companies are driving the progress of the Reset Hotel project, contributing to the growth and enhancement of the Twentynine Palms hospitality sector.