

Ep 245 - From Tragedy to Terra: How Diana & Josh Built Palm Springs’ First Wellness Hotel
10 snips Jun 9, 2025
Diana and Josh Dobken are accomplished architects and investors who transformed personal tragedy into a thriving venture with Terra Palm Springs, the area's first wellness boutique hotel. They discuss pivoting from short-term rentals to commercial real estate and leveraging their design expertise to create unique guest experiences. The couple emphasizes the importance of generous hospitality, setting clear goals, and building strong relationships in real estate. Their journey is a moving testament to finding purpose through pain and taking bold actions in business.
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Personal Tragedy Sparks Change
- Diana flew to Columbia to care for her father who was critically ill during COVID-19.
- Both Diana and Josh lost their fathers in 2021, which profoundly changed their life's direction.
Engage Early for Better Underwriting
- Engage professionals early in the deal for underwriting and feasibility to maximize success.
- Align construction budget and market expectations to avoid costly mistakes.
Conservative Underwriting and Differentiation
- Underwriting conservatively can protect against uncertainty, especially in new ventures.
- Differentiating your product by addressing unmet market needs drives success in hospitality.