In Brief: The Ambiente Hotel in Sedona has successfully secured a $37 million refinancing, providing the property with a financial boost for future operations and potential expansions.
-
Image Credit Ambiente, Sedona, AZ
JLL Hotels & Hospitality Group has arranged a $37 million non-recourse refinancing for Ambiente, a 40-room hotel in Sedona, Arizona.
Key Details
JLL Hotels & Hospitality Group arranged a $37 million non-recourse refinancing for Ambiente, a 40-room, adults-only property located at 900 W. State Route 89A in Sedona, Arizona. The hotel opened in February 2023 and is described as North America’s first landscape hotel. The refinancing was secured through a debt fund and includes a significant cash-out component to recapitalize the asset for continued operations and future growth.
Project Overview
Ambiente comprises 40 glass guest atriums situated on a three-acre site. The accommodations feature floor-to-ceiling windows, private rooftop decks with fireplaces, and curated interior finishes. On-site amenities include the Forty1 restaurant, Velvet Spa with in-room and outdoor treatments, and approximately 600 square feet of event space.
Location
The property is located at 900 W. State Route 89A in Sedona, Arizona. Ambiente offers immediate access to downtown Sedona, hiking and biking trails, and natural attractions such as Cathedral Rock and Oak Creek Canyon. Sedona receives over 3 million annual visitors and is located two hours north of Phoenix.
Development
JLL worked on behalf of the borrower to secure the non-recourse refinancing through a debt fund. The transaction recapitalizes the asset and provides capital for continued operations and future growth. The JLL Hotels & Hospitality team representing the borrower included Managing Directors Adrienne Andrews and Analyst Jessica Mehra.
