Tucson, Arizona—Arriba Capital has organized a cash-out refinance for the DoubleTree by Hilton Tucson Downtown Conference Middle, a 170-room full-service resort.
Developed in partnership between Caliber, Rio Nuevo, and the Metropolis of Tucson, the resort opened in 2021. Operated by Highgate underneath a long-term franchise settlement with Hilton Worldwide, the property has performed a big position in supporting native financial growth and attracting citywide occasions.
The brand new financing construction offered cash-out proceeds to the sponsor and helps long-term possession, operational flexibility, and continued funding within the asset. Arriba Capital served because the unique monetary advisor on the transaction.
“We’re proud to have performed a job in securing long-term financing for one among Tucson’s most strategically positioned hospitality belongings,” stated Ryan Bosch, principal at Arriba Capital. “This resort is just not solely a key demand driver for the downtown conference ecosystem—it’s additionally a catalyst for broader financial progress in Southern Arizona.”
“This was a posh transaction with a number of transferring items as we neared shut. Ryan, Jeremy, and the workforce’s regular steerage and persistence had been crucial in serving to us get this throughout the end line. We’re grateful for the continued partnership with Arriba and excited to see the subsequent section for the DoubleTree Tucson!” stated Chris Reighard of Caliber.
The DoubleTree’s location gives walkable entry to the Tucson Conference Middle and advantages from demand drivers together with the College of Arizona, Roadrunners hockey, and the internationally acknowledged Tucson Gem and Mineral Present.
