SCOTTSDALE—Arriba Capital introduced that it not too long ago closed a $40 million development mortgage for the event of a 128-key Marriott Tribute Portfolio Lodge referred to as The Scoundrel. The brand new resort is positioned 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 improvement group based mostly in Gatlinburg. Arriba has financed a number of initiatives for the borrower.