Fairmont Heritage Place - The Cedars
Hendersonville, North Carolina
Investment Highlights
Area Invested In
Non-TEA
I-526E Processing
Standard (Expedite Request Pending)
Investment Amount
$1,050,000
Administrative Fee
$60,000
I-956F Project Application
Approved
Total EB-5 Raise
$21,000,000
Total Project Cost
$118,522,092
Repayment Term
3 to 4 Years
Estimated Jobs
260
Estimated Jobs
686
Investtment Type
Subordinated Loan
Preferred Return
5% per annum
Fairmont Heritage Place The Cedars
Fairmont Heritage Place The Cedars will be a full-service condo hotel located in the heart of historic Hendersonville, Western North Carolina. The project will renovate and restore the historic Cedars Hotel while incorporating Fairmont’s signature hospitality and amenities. A condo hotel is a hybrid real estate model that combines condominium ownership with the option to participate in a professionally managed rental program run by Fairmont Hotels. Owners may use their units as a vacation home and have the opportunity to generate rental income when not in use, subject to hotel management and market conditions. The project consists of two six-story towers featuring 130 Fairmont-branded luxury residences, plus 40 sub-units with separate locks, totaling 170 individually rentable units. Unit sizes range from approximately 500-square-foot studios to penthouses of up to 3,635 square feet.
The offering aims to return investor capital through a refinance or sale after 3-4 years, but repayment cannot be guaranteed. All investments carry risk, including potential loss of capital.
Why Invest
Fairmont Heritage Place The Cedars is an I-956F-approved EB-5 project offering a 5% preferred return through a subordinated loan structure. Located in North Carolina, the project involves the renovation and expansion of a historic hotel into a Fairmont-branded condo hotel. With 686 jobs projected—well above the EB-5 requirement—and a repayment timeline of 3 to 4 years, the offering provides both immigration support and a defined investment exit. An expedited request is pending for I-526E processing.
Hotel managed rental options for lifestyle and income
Residence owners may participate in a Fairmont-managed hotel rental program or lease independently on a short- or long-term basis. This flexibility allows each owner to tailor property use to meet personal or financial goals.
A restored landmark with full resort style amenities
The Cedars Hotel renovation includes a fine-dining restaurant, spa, pool, meeting spaces, and more alongside unique touches like a coffee shop, wedding gazebo, and dog-friendly “Bark Park.” Once a renowned wedding venue, the Cedars returns with new life and lasting appeal.
Fairmont branded residences in a fast growing region
Just 15 minutes from Asheville Airport, this project benefits from rising demand, limited land availability, and a below-average cost of living—ideal for investors seeking rental income and long-term value in Western North Carolina.
Direct connection to North Carolina’s top adventure destinations.
The site offers panoramic views and year round access to hiking, biking, horseback riding, and climbing in the Blue Ridge Mountains. The nearby town of Hendersonville adds charm and economic appeal, attracting interest from major national and international companies.
686 jobs projected—more than triple the required amount
The project supports 20 EB-5 investors and is projected to create 686.2 jobs, far exceeding the 200-job minimum and providing a 243% job surplus.
Appraised value exceeds total debt by over $130M
With a projected completion value of $164.5M and capped senior debt of $32M, EB-5 investors benefit from a strong second position and full capital coverage, even without EB-5 funds.
Condo sales expected to fully cover all project costs.
Projected sales of $120.3M are expected to repay all capital—including EB-5—while unsold units convert to revenue-generating hotel inventory. Residential Unit Sales (source: Business Plan dated March 2023)
Construction underway following completed site prep.
Demolition and site preparation began in late 2022. Phase I (Pisgah Tower) broke ground in March 2024 and is expected to complete in 2025. Phase II (Dupont Tower and commercial space) is scheduled for Q1 2026, with operations beginning after Phase I delivery. (Source: BlueRidgeNow.com)
Strengths
I-956F Approved
Approved by USCIS, reducing project-related immigration risk.
Job Creation
686 jobs projected—well above the 260 required.
Repayment Term
3 to 4 years.
Project Type
Subordinated loan to restore and expand historic hotel.
Development Status
Construction underway—6th floor slab installed; roof work underway
Demand Drivers
Rising interest in luxury lodging in a fast-growing tourist market.
Location
Historic Hendersonville, NC, near Asheville Airport.
Developer Track Record
Fairmont-branded development by experienced operators.
Other Features
Strong collateral coverage and 5% preferred return.
Disclosure
*Preferred returns are part of the deal structure and indicate the sequence of how distributions (from operations or a capital event) are disbursed. They are not guaranteed and should not be considered a financial projection. Actual cash flow and/or distributions from the Company may differ from the preferred return. If the Company’s net cash flow falls short of covering the preferred returns owed, any outstanding balance will accrue until there are adequate funds or proceeds from a capital event to fulfill the annual return obligations. The Company’s Manager reserves the right to withhold all net operating cash flow earmarked for investors, opting instead to accumulate these funds until the repayment of Capital Contributions. Preferred return is only on the unrecovered Capital Contribution of such member that has been invested in the Loan. Investors should review the PPM and the respective offering documents from the Company for full details.
**Job cushion is based on a projected job creation estimate only and does not guarantee the success of the investment nor the success of obtaining permanent residency.
***The refund guaranty is subject to terms and conditions.
This is not an offer to buy or sell securities, which is done by offering memorandum or prospectus only. All investments involve risk. You may lose part or all of your investment. This is not a recommendation, investment advice, or solicitation to sell or buy securities and is not provided in a fiduciary capacity. It does not account for specific investor objectives or circumstances or suggest a course of action. Investment decisions should be made based on an investor’s objectives and circumstances and in consultation with their advisors. This material may contain forward-looking statements that are not guarantees of future performance; actual results may differ from any forward-looking statements. This content is not tax advice; prospective investors should confer with a tax advisor for tax advice. Securities offered through Pinnacle Capital Securities, LLC, Broker-Dealer, member FINRA/SIPC. EB5 Marketplace and Pinnacle Capital Securities are separate, unaffiliated entities.