Arriba Capital Arranges Construction Loan for Arabella Spa
💰 Arriba Capital has secured a $25 million construction loan for the Arabella Spa in Sedona, Arizona. This new hydrothermal spa will complement the existing Arabella Hotel, offering a wellness experience with saunas, steam rooms, and vitality pools. Arriba Capital's vice president, Tim Valaski, highlights the unique financing challenges for such wellness-focused assets in the U.S. market. The project emphasizes the therapeutic benefits of water, a relatively new concept in U.S. hospitality.
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