Blue Owl Capital Provides $54 Million Loan For Baron's Cove Hotel In Sag Harbor

The asset involved in the transaction is Baron's Cove, a 67-room waterfront hotel located at 31 West Water Street in Sag Harbor. It spans 2.64 acres and the transaction involves a loan amount of $54,000,000.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $54,000,000
• Address: 31 West Water Street
• Market: Sag Harbor
• Asset Size: 67 keys
• Acreage: 2.64
• Lender: Doug Ostrover & Marc Lipschultz - Blue Owl Capital
• Landlord: Jason Brown - Blue Flag Capital; Brad Guidi - Bain Capital

Blue Owl Capital provided a three-year loan specifically for the hotel, which is owned by Blue Flag Capital and Bain Capital Real Estate. The key individuals in this transaction include Doug Ostrover and Marc Lipschultz, representing the lending side, while Jason Brown and Brad Guidi act on behalf of the landlords.