Ocean Lodging Lands Luxe Hotel in Dana Point

Dana Point can seem somewhat stereotypically California, if one were to rely on streaming video examples: powdery-sand beaches, gentle surf, blue skies, luxury hotels, etc. And the Blue Lantern Inn is one of the actual luxury boutique hotels in Dana Point, and JLL has closed $9.5 million in acquisition financing for the property.

The Blue Lantern Inn is a 29-key property that overlooks the Dana Point Yacht Harbor. JLL worked on behalf of the borrower, Ocean Lodging, to secure the 10-year loan, according to a news release.

“We are excited to add an asset in the high barrier to entry market of Dana Point to our portfolio. The Blue Lantern Inn will anchor our portfolio for future growth,” said Dev Patel of Ocean Lodging.

The JLL Capital Markets Debt Advisory team representing the borrower was led by Senior Managing Director Aldon Cole and Analyst Jack Piegza.

“The irreplaceable real estate and near-term upside in the property generated a very competitive response from the market, which benefited the borrower,” said Cole.