Designing Wealth: How Two Architects Transformed a Closed Hotel into a Wellness Retreat
Manage episode 484028855 series 3665421
In this episode of The Captain Curt Show, architects Josh & Diana share their journey from traditional careers to boutique hotel owners, revealing how they raised over $2 million, closed in just 60 days, and created the Terra Palm Springs hotel—a unique luxury wellness concept in a competitive market.
"We wanted to create a model that didn't exist in Palm Springs... We analyzed the market and saw an opportunity that others were missing." - Diana
KEY HIGHLIGHTS:
• 00:00 - Introduction to Josh & Diana's background
• 04:32 - Transitioning from traditional architecture careers to real estate investing
• 12:31 - Why they decided to pursue boutique hotels as their niche
• 21:28 - Finding mentors and joining the right mastermind
• 30:58 - How they identified the perfect hotel property in Palm Springs
• 38:02 - Selecting the right partners for commercial real estate ventures
• 43:01 - Managing the renovation process and operational systems
• 48:43 - The vision behind their luxury wellness concept
• 1:02:59 - Their thoughts on next steps and future growth
QUESTIONS ANSWERED:
• What makes boutique hotels a unique investment opportunity right now?
• How can you identify undervalued properties with potential for transformation?
• What funding structures work best for rapid commercial property acquisition?
• How do you select the right partners for large-scale projects?
• What specific metrics should you track when evaluating potential hotel properties?
• How can architects leverage their design expertise in commercial real estate?
Josh & Diana aren't just sharing theories—they're actively running their 13-room boutique hotel in Palm Springs with an ADR (Average Daily Rate) of $450, applying their architectural expertise to create a distinctive brand in the luxury wellness market.
ABOUT THE CAPTAIN CURT SHOW:
The Captain Curt Show brings you actionable insights on real estate, business, and wealth-building. Host Curt Marker interviews successful entrepreneurs to extract the exact strategies that are working RIGHT NOW.
New episodes every Wednesday.
CONNECT WITH US:
Instagram: @thecaptaincurt
Website: https://www.captaincapital.com
TikTok: @thecaptaincurt
LinkedIn: https://www.linkedin.com/in/curtismarker/
My Pilot Community: https://captaincapital.activehosted.com/f/3
Invest in Real Estate with Captain Capital: https://captaincapital.com/invest/
CONNECT WITH JOSH & DIANA:
Instagram: @d.i.fi
Website: designinvestfi.com
Hotel Website: https://www.terrapalmsprings.com
Don't forget to SUBSCRIBE for new episodes every Wednesday!
#RealEstateInvesting #BoutiqueHotels #WealthBuilding #CommercialRealEstate #HospitalityInvestment #PassiveIncome #Entrepreneurship #BusinessStrategy #FinancialFreedom #RealEstatePortfolio
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7 episodes