Ambiente, Arizona’s only Two MICHELIN Key hotel, inked a $37 million refinancing for the adults-only property. The non-recourse loan was arranged by JLL’s Hotels & Hospitality Group through a debt fund. The property, opened in February 2023, sits on a three-acre site at 900 W. State Route 89A in Sedona.
Ambiente comprises 40 glass guest atriums, each featuring accommodations with floor-to-ceiling windows to maximize views of Sedona’s red rock formations. On-site amenities include the Forty1 restaurant, Velvet Spa offering in-room and outdoor treatments and approximately 600 square feet of event space.
Ambiente enjoys a location with immediate access to downtown Sedona, hiking and biking trails, and natural attractions such as Cathedral Rock and Oak Creek Canyon.
The JLL Hotels & Hospitality team representing the borrower included Adrienne Andrews and Jessica Mehra.
The hotel is owned by Mike Stevenson and his two daughters, Jennifer May and Colleen TeBrake.
The Business of Phoenix Rental Housing – Live on April 8: From submarket divergence and elevated deliveries to capital selectivity and North Phoenix’s growth story, the conversations shaping multifamily, SFR and BTR are happening in real time at Connect Phoenix Multifamily, SFR & BTR. Join the developers, investors, owners, operators, lenders and brokers actively executing in today’s market. Connect Phoenix Multifamily, SFR & BTR | April 8, 2026 | Register to attend: www.ConnectPHXMF2026.comÂ
The post 40-Room Sedona Hotel Scores $37M Refi appeared first on Connect CRE.
​Â
