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
Project Description
Fairmont Heritage Place – The Cedars is a branded luxury residential development in Hendersonville, North Carolina. The project combines the restoration of the historic 1913 Cedars Hotel with the construction of new luxury condominiums. The completed property will include residences managed under the Fairmont Heritage Place brand, as well as amenities such as a restaurant, spa, pool, fitness center, and event spaces. Located one block from Hendersonville’s Main Street and near Asheville and the Blue Ridge Mountains, the development is positioned as both a lifestyle destination and a long-term hospitality asset.
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 qualifies as a TEA project and is expected to create more than 680 EB-5 eligible jobs, providing a substantial cushion above USCIS requirements. Construction is well advanced, with the building roof in place and the property “dried-in,” reducing construction risk and supporting timely completion. The Fairmont brand, now part of Accor and backed by Saudi Arabia’s Public Investment Fund, adds global recognition and operational strength. With presales already achieved at record pricing, the project demonstrates market demand while supporting repayment safety for EB-5 investors.
Construction Progress
Construction is well underway, with the roof in place and the property “dried-in,” meaning interior work can proceed in a weather-protected environment. Substantial completion is expected by 2026.
Luxury Branded Residences
The Cedars will feature 130 luxury condominiums managed under the Fairmont Heritage Place brand. Owners will have the option to participate in a professionally managed rental program, combining ownership with hospitality services.
Historic Hotel Restoration
The 1913 Cedars Hotel, a Neo-Classical Revival landmark, will be restored as the social centerpiece of the project. The building will house reception, dining, and event spaces while preserving its historic architecture.
Resort-Style Amenities
Planned amenities include a signature restaurant, spa and fitness center, resort pool, meeting and event space, and landscaped outdoor areas. These features support both residents and hospitality guests.
Prime Location in Hendersonville
The project is located one block from Main Street, offering walkable access to shops, restaurants, and cultural attractions. Its proximity to Asheville and the Blue Ridge Mountains strengthens its appeal for both full-time and seasonal residents.
Global Brand Backing
Fairmont Hotels & Resorts, now part of Accor and backed by Saudi Arabia’s Public Investment Fund, provides international recognition and professional management. Brand affiliation enhances both market positioning and long-term operations.
Project Features
Use of Funds
EB-5 capital will be used for construction, including hotel restoration, condominium buildout, and amenities.
Job Creation
An economic analysis projects more than 680 jobs, comfortably exceeding program requirements for 20 EB-5 investors.
Market Demand
Presales have been secured at record pricing for the Hendersonville market, supporting demand for luxury residences in the region.
Immigration Considerations
The project qualifies as a TEA and is projected to create sufficient jobs to support all EB-5 investors.
Management
The development team is partnered with Fairmont Hotels & Resorts, part of Accor, which will oversee operations and brand management.
Location
The project is located in downtown Hendersonville, North Carolina, a popular destination within close reach of Asheville and the Blue Ridge Mountains.
Exit Strategy
Investor repayment is anticipated through refinancing or sale following stabilization of operations.
Risk Factors
Risks include reliance on successful presales, construction delays, and broader real estate market conditions. These are mitigated by construction progress already achieved, record presale pricing, and the backing of an internationally recognized brand.
Disclosure
**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.