Updated Aug 5, 2025
Arriba Capital Secures $40 Million Construction Loan For Marriott Tribute Hotel In Gatlinburg
$40,000,000
Building Size
—
Asset Type
Development Site
Closing
Aug 4, 2025
About this deal
AI
The asset involved in this transaction is a development site designated for a 128-room Marriott Tribute Portfolio hotel named The Scoundrel, located in downtown Gatlinburg near the Great Smoky Mountains. The total loan amount secured for this construction project is $40 million.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $40,000,000
- Loan Type: Construction
- Market: Gatlinburg, TN
- Broker: Arriba Capital
The project is being led by a local private hospitality group, which is responsible for the development of the hotel. There is no timeline for the completion of the project provided in the details.
Players
Market Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.40%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93