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3/18/22
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Ocean Lodging purchased the Blue Lantern Inn, a 29-key, luxury boutique hotel in Dana Point. The deal was financed with an acquisition loan for $9.5 mil.
Overlooking the Dana Point Yacht Harbor, Blue Lantern Inn offers traditional hotel amenities with a bed-and-breakfast feel. Guests can enjoy a wine and cheese mini-picnic, breakfast for two and borrow bicycles for the day. In addition to the beach, local attractions include the nearby Doheny State Beach, whale watching, golfing, kayaking, wine cruises, local restaurants and more.
Aldon Cole and Analyst Jack Piegza with JLL Capital Markets arranged the 10-year loan through a commercial bank.
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