Arriba Secures $47M Loan for Downtown Knoxville Hotel
Vector Hospitality's planned 175-key Moxy by Marriott at 137 South Central Street is financed through a construction loan from Arriba Capital.
Updated on Nov. 10, 2026 in Hotels
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Arriba Capital has secured a $47 million construction loan for a seven-story hotel in Downtown Knoxville. The loan covers approximately 77% of the total project cost for the Moxy by Marriott planned by Vector Hospitality.
Why it matters
The project adds a 175-key hotel to Downtown Knoxville's lodging supply and reflects continued investment in the city's core. It follows Vector Hospitality's groundbreaking on an AC Hotel by Marriott at 427 Walnut Street last year.
The $47 million construction loan funds about 77% of the project, implying a total cost of roughly $61 million. The project is targeted for a 2028 opening, but the extraction does not specify the total cost or intermediate construction milestones.
The players
Vector Hospitality
Vector Hospitality is an Atlanta-based hospitality company developing hotel projects in Knoxville, including the Moxy and an AC Hotel.
Arriba Capital
Arriba Capital is the financial firm that provided the $47 million construction loan for the Downtown Knoxville hotel project.
The details
The seven-story Moxy by Marriott will sit at 137 South Central Street on the site formerly occupied by Merchants of Beer. The hotel will include a 4,300-square-foot rooftop bar and lounge called The Getaway, a lobby bar named Bar Moxy, and an outdoor breezeway bar called The Pop-Up Hub with stadium-style seating.
Timeline
Last year: Vector Hospitality broke ground on the AC Hotel at 427 Walnut Street.
November 10, 2026: Arriba Capital's $47 million construction loan for the Moxy was announced.
2028: Developers are targeting a grand opening for the Moxy hotel.
Market Landscape
Vector Hospitality is extending its downtown Knoxville footprint after breaking ground on the 161-room AC Hotel at 427 Walnut Street last year. The 175-key Moxy adds a second project from the same developer, concentrating new lodging capacity in the Downtown and Old City core.
Travelers planning Knoxville stays should note that the Moxy will not open until about 2028, so it will not be an option for near-term bookings. The downtown rooftop bar and lobby bar are planned amenities, but their opening dates depend on the same construction timeline.
The takeaway
Downtown Knoxville is adding hotel capacity through multiple projects at once, so visitors can expect more lodging options in the core over the coming years. Booking flexibility will matter if you plan to stay near the Old City during construction.
What happens next
Developers are targeting a 2028 grand opening for the Moxy by Marriott hotel at 137 South Central Street.
Further reading
For more on lodging developments, see Hotels coverage across Knoxville.
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