Fairmont Hotels & Resorts, in partnership with real-estate developer Gregg Covin, has announced the signing of agreements for the development and management of Fairmont Heritage Place – The Cedars, Hendersonville. Set to debut in 2025, it will be the first luxury branded residential offering in the Blue Ridge Mountain region of North Carolina.
The Cedars hotel was built in 1914 in Neo-Classical Revival style for Jeannie Bailey, whose husband, railroad tycoon J.W. Bailey, headed Southern Railway at the time. Just a few years prior, Theresa Fair Oelrichs and her sister, Virginia Fair Vanderbilt, debuted the first Fairmont hotel in San Francisco in honor of Nevada Senator and mining magnate, James Graham Fair. In 1976, the property was acquired by Clifton Shipman, great grandfather of Covin’s children. Covin began exploring the property’s potential in 2018 and has since partnered with the Shipman family and Brian M. Gaines to make his vision a reality.
Fairmont Heritage Place – The Cedars, Hendersonville will be a 127-unit luxury residential community that will offer private ownership with the option to participate in a rental program. Owners will enjoy all the benefits of owning a home with access to Fairmont’s signature amenities and services.
The three-and-a-half-acre development includes a restoration of the original Antebellum hotel, which sits on the National Register of Historic Places, as the focal point. Two new six-story, mid-rise buildings will comprise studios, one-, two- and three-bedroom units and penthouses, all with terraces and mountain views.
Situated two blocks from the historic Main Street, the residences will offer a food and beverage program appealing to owners, guests and locals, including a signature restaurant, a lobby bar and a specialty café. Additional facilities will include flexible meeting and events space; a wellness center with spa, multiple swimming pools and fitness center; a cooking school; a multifunctional family room; and retail space. Residents and guests will have access to the Tom Fazio-designed Champion Hills Golf Club.
All of the area’s popular destinations are located 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. Additionally, Fairmont-branded residence owners can join the Accor Ownership Benefits Program.
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