SCOTTSDALE—Arriba Capital introduced that it just lately closed a $40 million development mortgage for the event of a 128-key Marriott Tribute Portfolio Lodge known as The Scoundrel. The brand new resort is situated in downtown Gatlinburg, which is the gateway to the Nice Smoky Mountains Nationwide Park and sees over three million guests yearly.
The borrower is an skilled, privately held hospitality administration and growth group based mostly in Gatlinburg. Arriba has financed a number of tasks for the borrower.
