A full-service Hotel and Residential Condominium, on 3½ mountain-view acres in the heart of historic Hendersonville, Western North Carolina.
This EB-5 Project will consist of the construction of two six-story towers (Pisgah and Dupont respectively), featuring a total of 130 Fairmont-branded residences, and the renovation and restoration of the historic Cedars Hotel located on-site, which will feature signature Fairmont amenities.
This property is designed as a private resort and will house a signature Fairmont-operated restaurant, multiple pools, a spa, and more. Fairmont Heritage Place – The Cedars is owned and developed by Cedars Lodge & Spa, LLC which is managed by well-known real estate developer Gregg Covin.
The Fund has been established to acquire, own, develop and manage the Portfolio Investments, which consist of four premium branded beachfront hotel properties, three of which are operational and one of which is currently under development, located in the geographic area of Florida known as the Space Coast.
The objective of the Fund is to generate current income and capital appreciation through:
Economic growth in the space coast region
Supply-constrained market benefiting from multiple demand drivers
Operational synergies derived from the hotels’ proximity to one another
Driftwood’s 10-year operating presence on the Space Coast
THE DESCRIPTION OF THE PROJECT HEREIN IS SUMMARY IN NATURE AND NO POTENTIAL INVESTOR SHALL MAKE AN INVESTMENT DECISION WITHOUT REVIEWING IN FULL THE PRIVATE PLACEMENT MEMORANDUM DESCRIBING THE TERMS AND RISKS IN MORE DETAIL. THE INFORMATION HEREIN IS FOR AUTHORIZED PARTIES ONLY AND NO PORTION OF THIS INFORMATION MAY BE REPRODUCED OR DISTRIBUTED IN ANY FORMAT NOR REFERENCED OR QUOTED WITHOUT THE EXPRESS WRITTEN APPROVAL OF DRIFTWOOD CAPITAL, LLC.
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