Mirae Asset Global Investments Co., a real estate investor with more than $267 billion under management, has secured $136 million in refinancing for the Fairmont Orchid, a 540-key, AAA Four Diamond luxury resort located on Hawaii's Big Island.
JLL worked on behalf of the borrower to secure a five-year, fixed-rate loan through New York Life Real Estate Investors.
“We are pleased to have closed the financing of the Fairmont Orchid, a premier luxury full-service resort,” said James Nearon, senior director of NYLREI’s West Coast originations team. “This transaction underscores New York Life Real Estate Investors’ capability to structure and execute financing solutions on high-quality hospitality assets. The strong sponsorship of Mirae Asset Global Investments and attractive market fundamentals made this a compelling opportunity that fits nicely within our broader lending strategy.”
The Fairmont Orchid is situated on 32.6 acres of oceanfront land along th
