Plans to redevelop Two Bunch Palms in California, US, are soon to enter a second development phase following an investment plan designed to raise up to US$11m (£6.5m, €7.9m) as part of a US$24m (£14.3m, €17.4m) project.
22 investors are being sought to invest US$500,000 (£300,000, €363,000) into the redevelopment which will transform the property into a world-class wellness hotel, spa and tourist destination.
The resort currently consists of 52 bedrooms, a spa, restaurant, hot springs grotto, pool, tennis courts and support building that sit next to more than 214 acres of undeveloped land for development.
The project is going through two development phases, the first of which started in 2013 and consisted of improvements to resort infrastructure and renovations on three model hotel rooms as well as the launch of a marketing campaign.
The second phase of development will use the funding to upgrade and expand the existing hotel rooms, construct a new 9,000sq ft (836sq m) spa and fitness centre, build an additional hot springs grotto with pool and build a further 36 hotel rooms.
Plans for 1,200 residential lots and commercial space is also planned for the remaining undeveloped land.
Beverly Sosa will join the Two Bunch team as spa director, overseeing the spa, retail and programming. Beverly was the formerly manager of the Spa at La Costa – a US$5m (£3m, €3.6m) operation with 42 treatment rooms, salon, café with almost one hundred staff. Suzanne Barber is the resort’s wellness services coordinator – in charge of programming and teaching yoga, dance, art expression, and journaling.
