United States, Feb. 26 -- JLL Hotels & Hospitality Group announced it has arranged a $37 million non-recourse refinancing for Ambiente, Arizona's only Two MICHELIN Key hotel. The 40-room, adults-only luxury property opened in February 2023 and is North America's first landscape hotel.JLL worked on behalf of the borrower to secure the non-recourse refinancing through a debt fund. The transaction provides a significant cash-out component, recapitalizing the asset for continued operations and future growth.Ambiente comprises 40 glass guest atriums on a three-acre site at 900 W. State Route 89A. The accommodations feature floor-to-ceiling windows to maximize views of Sedona's red rock formations, private rooftop decks with fireplaces and curate...