SEDONA, Arizona—Arriba Capital introduced the association of a $25,000,000 ground-up building mortgage for the Arabella Spa, a hydrothermal spa to be constructed adjoining to the present Arabella Resort in Sedona, Arizona. Arriba Capital served because the unique monetary advisor and debt arranger for the transaction.
The Arabella Spa will embrace a hydrothermal circuit, with a wellness expertise centered on the therapeutic use of water by way of various temperatures, pressures, and mineral compositions. Friends will transfer by way of a sequence of saunas, steam rooms, vitality swimming pools, chilly plunges, and leisure lounges designed to enhance circulation, cut back stress, and restore stability to the physique and thoughts.
“Financing experiential, wellness-focused hospitality belongings requires a distinct lens,” mentioned Tim Valaski, vice chairman at Arriba Capital. “Whereas hydrothermal spas are nicely established in Canada, they characterize a comparatively new asset class within the U.S. market. Our position was to construction a mortgage that balanced building danger with long-term operational worth, a construction few lenders perceive on this area of interest.”
