September 30, 2023

Miami Developer Gregg Covin and Fairmont Hotels Unveil First Luxury Residences in North Carolina

Fairmont Hotels & Resorts has announced the development of a luxury private branded residential offering in North Carolina, in partnership with Gregg Covin. The residences, set to debut in 2025, will be known as Fairmont Heritage Place - The Cedars, Hendersonville, and will offer private ownership with the option to participate in a rental program. The development includes the original Antebellum grand hotel, which sits on the National Register of Historic Places, as the focal point. In addition to onsite privileges, Fairmont-branded residence owners are invited to join the Accor Ownership Benefits Program, which offers invitation-only access to VIP services and special residence owner rates at more than 5,000 Accor hotels and resorts worldwide.

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The 127-unit luxury residential community will comprise two new six-story, mid-rise buildings of studios, 1-, 2-, and 3-bedroom units and penthouses, all with sprawling terraces and impressive mountain views, and is expected to range from USD $550,000 to USD $4 million. Prices for the residences will vary from studio flats to sprawling penthouses with exceptional views of the Blue Ridge Mountain region. The development will also include a signature restaurant, a lobby bar, a specialty café, flexible meeting and events space, a spa, multiple swimming pools and fitness center, a cooking school, a multifunctional family room, and retail space.

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Fairmont Heritage Place - The Cedars, Hendersonville aims to bring a new level of luxury, unforgettable experiences and outstanding service to the Blue Ridge Mountain region, known for its beautiful scenery, rich culture and history, and welcoming community. It is situated two blocks from the historic Main Street, with all the area’s popular destinations within a 30-minute radius of Hendersonville, including Downtown Asheville, The Biltmore Mansion, the Asheville Regional Airport, the Blue Ridge Parkway and both Pisgah National and Dupont State Forests.

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The Cedars To Become A Fairmont-Branded Luxury Residence
Fairmont Hotels & Resorts Announces Plans for First Luxury Residences in North Carolina
Fairmont Announces Branded Residence in North Carolina
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Fairmont Heritage Place – The Cedars (“Residential Project”) is not owned, developed, or sold by Accor Hotels & Resorts (Maryland) LLC or its affiliates.  Cedars Lodge & Spa, L.L.C., a North Carolina limited liability company (“Licensee”), is independently owned and operated and is solely responsible for the ownership, development, and operation of the Residential Project. Licensee uses the Fairmont Brand and certain Fairmont trademarks pursuant to a limited, non-exclusive, non-transferable and non-sub licensable license from Accor Hotels & Resorts (Maryland) LLC.  Under certain circumstances, the license may be terminated or revoked according to its terms in which case neither the individual residential residences (“Residences”) nor any part of the Residential Project will be identified as a Fairmont branded project or have any rights to use the Fairmont trademarks. Accor Hotels & Resorts (Maryland) LLC does not make any representations or guarantees with respect to the Residences or the Residential Project and is not responsible for Licensee’s marketing practices including this website, advertising, and sales representations.

This is not intended to be an offer to sell, or solicitation to buy, condominium units to residents of any jurisdiction where prohibited by law, and your eligibility for purchase will depend upon your state of residency. This offering is made only by the Public Offering Statement for the condominium and no statement should be relied upon if not made in the Public Offering Statement required by the North Carolina Condominium Act. No real estate broker or salesperson is authorized to make any representations or other statements regarding this project, and no agreements with, deposits paid to or other arrangements made with any real estate broker are or shall be binding on the Developer. All improvements, designs and construction are subject to first obtaining the appropriate federal, state and local permits and approvals for same. These drawings and depictions are conceptual only and are for the convenience of reference and including artists renderings. The developer expressly reserves the right to make modifications, revisions, and changes it deems desirable in its sole and absolute discretion. The project graphics, renderings and text provided herein are copyrighted works owned by the developer. All rights reserved. Unauthorized reproduction, display or other dissemination of such materials is strictly prohibited and constitutes copyright infringement.