Green Lantern Boutique Hotel

THE OFFERING

Faris Lee Investments, in association with Sotheby’s International Realty, is pleased to present the development opportunity for the proposed Green Lantern Hotel, overlooking the harbor and Pacific Ocean in picturesque Dana Point, CA. Green Lantern Hotel, once developed, will be the first and only 19 room, luxury boutique hotel in an area that welcomes over 2.5 Million tourists per year, and is rapidly becoming one of the premier vacation destinations in Southern California. Plans for the hotel include 19 luxury guest rooms and suites, a fitness center, a large conference room, and over 20 large, private decks from which to view the Dana Point Harbor and Pacific Ocean. The property features Spanish Colonial architecture and Coastal themes throughout, a nod to the area’s deep history and culture.

Pursuant to the seller, the site has the potential for a higher room count than the proposed 19 rooms. The land parcels on the North East corner of Cove Road and the Street of the Green Lantern are in their third submittal of planning for a 54 room hotel. The subject property could potentially match this number of rooms based on going deeper into the land to satisfy the parking requirements, as well as reducing the size of the rooms. Potential buyer is strongly advised to meet with City Planning Department and to perform their own due diligence regarding number of rooms, size of room, square footage of building, number of stories, and all other aspects and specifications of the property.

LOCATION SUMMARY

The Green Lantern Hotel is located on the Street Of the Green Lantern, on a cliff overlooking the Dana Point Harbor. Adjacent to the iconic Chart House Restaurant, the property sits just minutes from Downtown Dana Point, home to award winning dining and some of the best shops in the area. Downtown Dana Point also hosts an outside amphitheater for community social gatherings and concerts. Green Lantern Hotel is poised to benefit immensely from the City’s recent $399 Million investment in the nearby Harbor area. Developers will spend the next 7 years completely revitalizing the land-side and water-side sections of the Harbor, adding over 77,000 square feet of restaurants and outdoor dining, 32,000 SF of luxury retail space, a 9,000 SF museum, 2,400 renovated boat slips, and a dry docking boat storage building, among others. The proposed Green Lantern Hotel is positioned in an extremely affluent area of Orange County; average household income in a three mile radius exceeds $161,000.