JLL’s Hotels & Hospitality Group Arranges $54M Refinancing for Baron’s Cove in Sag Harbor, NY

JLL Arranges Refinancing for Baron's Cove

NEW YORK CITY, New York—JLL’s Hotels & Hospitality Group announced that it has arranged refinancing for Baron’s Cove, a 67-room luxury boutique hotel in Sag Harbor, New York. JLL worked on behalf of the borrower, a partnership between Blue Flag Capital and Bain Capital Real Estate, to secure a three-year, floating-rate loan through Blue Owl Capital-managed funds. Baron’s Cove includes 67 guestrooms, including lofted suites with panoramic harbor …

JLL’s Hotels & Hospitality Group Arranges $54M Refinancing for Baron’s Cove in Sag Harbor, NY

Funds managed by Blue Owl Capital provide financing to support a comprehensive renovation for the historic waterfront boutique luxury hotel in the Hamptons JLL’s Hotels & Hospitality Group announced today it has arranged a $54 million refinancing of Baron’s Cove, a 67-room luxury boutique hotel in Sag Harbor, New York. JLL worked on behalf of the borrower, a partnership between Blue Flag Capital and Bain Capital Real Estate, to secure a three-ye…