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 prevailing Arabella Resort in Sedona, Arizona. Arriba Capital served because the unique monetary advisor and debt arranger for the transaction.
The Arabella Spa will embody a hydrothermal circuit, with a wellness expertise centered on the therapeutic use of water by means of various temperatures, pressures, and mineral compositions. Friends will transfer by means of a sequence of saunas, steam rooms, vitality swimming pools, chilly plunges, and rest lounges designed to enhance circulation, cut back stress, and restore steadiness to the physique and thoughts.
“Financing experiential, wellness-focused hospitality belongings requires a special lens,” stated Tim Valaski, vice chairman at Arriba Capital. “Whereas hydrothermal spas are effectively established in Canada, they signify a comparatively new asset class within the U.S. market. Our function was to construction a mortgage that balanced building threat with long-term operational worth, a construction few lenders perceive on this area of interest.”
