The seven-story, 175-room Marriott hotel is planned for South Central Street, with an opening targeted for 2028.
KNOXVILLE, Tenn. (Smokies.LIVE Information Center) — Plans for a new hotel in downtown Knoxville are moving forward after a $47 million construction loan was arranged for a proposed Moxy by Marriott property.
Arriba Capital arranged the financing through an unnamed national lender on behalf of Atlanta-based Vector Hospitality, the project’s developer.
The loan carries a 77% loan-to-cost ratio, according to Arriba Capital.
The seven-story hotel will be located at 137 S. Central St. and is expected to feature 175 rooms when it opens in 2028.
The property is planned to include three food and beverage concepts designed to serve hotel guests and visitors.
Those offerings include The Getaway, a rooftop bar; Bar Moxy, located on the ground level; and The Pop-Up Hub, planned for the hotel’s breezeway.
The Moxy brand, part of Marriott International, is known for its modern, lifestyle-focused hotel concept, combining social spaces with a contemporary guest experience.
The project adds to the continued development of downtown Knoxville’s hospitality and tourism offerings as the city prepares for additional hotel accommodations and dining options.
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