JLL Arranges $54M Refinancing for Baron's Cove Hotel Renovation in Sag Harbor, NY

Reuters

06-30

JLL Arranges $54M Refinancing for Baron's Cove Hotel Renovation in Sag Harbor, NY

Jones Lang LaSalle Inc. $(JLL)$ has successfully arranged a $54 million refinancing deal for Baron's Cove, a luxury boutique hotel situated in Sag Harbor, New York. The refinancing, secured by JLL's Hotels & Hospitality Group on behalf of a partnership between Blue Flag Capital and Bain Capital Real Estate, involves a three-year, floating-rate loan through Blue Owl Capital-managed funds. The funds will be utilized for a comprehensive renovation project beginning in October 2025, aimed at transforming guest rooms, public spaces, and exterior areas, as well as introducing new food and beverage concepts. Additionally, the financing will address employee housing needs, crucial in the high-cost Hamptons market. This strategic move underscores the resilience of the Hamptons hotel market and JLL's continued leadership in hotel and hospitality real estate advisory services.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Jones Lang LaSalle Inc. published the original content used to generate this news brief on June 30, 2025, and is solely responsible for the information contained therein.

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The refinancing, secured by JLL's Hotels &amp; Hospitality Group on behalf of a partnership between Blue Flag Capital and Bain Capital Real Estate, involves a three-year, floating-rate loan through Blue Owl Capital-managed funds. The funds will be utilized for a comprehensive renovation project beginning in October 2025, aimed at transforming guest rooms, public spaces, and exterior areas, as well as introducing new food and beverage concepts. Additionally, the financing will address employee housing needs, crucial in the high-cost Hamptons market. This strategic move underscores the resilience of the Hamptons hotel market and JLL's continued leadership in hotel and hospitality real estate advisory services.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Jones Lang LaSalle Inc. published the original content used to generate this news brief on June 30, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"OWL","symbol_name":"Blue Owl Capital Inc.","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250630:nNDL8QSsm0:1","article_id":"2547609391","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2547609391","pubTimestamp":1751280888,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Jones Lang LaSalle Inc.  has successfully arranged a $54 million refinancing deal for Baron's Cove, a luxury boutique hotel situated in Sag Harbor, New York. 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The refinancing, secured by JLL's Hotels & Hospitality Group on behalf of a partnership between Blue Flag Capital and Bain Capital Real Estate, involves a three-year, floating-rate loan through Blue Owl Capital-managed funds. The funds will be utilized for a comprehensive renovation project beginning in October 2025, aimed at transforming guest rooms, public spaces, and exterior areas, as well as introducing new food and beverage concepts. Additionally, the financing will address employee housing needs, crucial in the high-cost Hamptons market. This strategic move underscores the resilience of the Hamptons hotel market and JLL's continued leadership in hotel and hospitality real estate advisory services.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Jones Lang LaSalle Inc. published the original content used to generate this news brief on June 30, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}