United States, June 30 -- JLL's Hotels & Hospitality Group announced 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-year, floating-rate loan through Blue Owl Capital-managed funds.Baron's Cove, located at 31 W Water St., features 67 well-appointed guestrooms, including luxurious lofted suites with panoramic harbor views and private garden accommodations. Built in the late 1950s and renovated in 2015, the property offers a comprehensive resort experience with amenities including a seasonal saltwater pool, lounge, complimentary bicycles and kayaks, a f...