Dealmaker: JLL Arranges $136M Refinancing for Fairmont Orchid in Hawaii

(Photo courtesy of JLL)

JLL’s Hotels & Hospitality Group arranged a $136 million refinancing for the Fairmont Orchid, a 540-key resort on Hawaii’s Big Island.

A team led by JLL Americas CEO Kevin Davis, Managing Director Mike Huth, Senior Associate Maddie Blount and Analyst Jade Lewin represented the borrower, Mirae Asset Global Investments Co., Ltd. and secured a five-year, fixed-rate loan through New York Life Real Estate Investors.

The Fairmont Orchid occupies 32.6 oceanfront acres along the Kohala Coast. The full-service property features a crescent-shaped white sand beach fronting Pauoa Bay, a 10,000-square-foot oceanfront pool, a full-service spa, retail shops and a ten-court tennis facility. The resort can host large events and conferences in its nearly 108,000 square feet of meeting space.

Additionally, the hotel is within the 3,200-acre Mauna Lani Resort community, offering guests access to a championship golf course, shopping and ancient Hawaiian sites. Strategically situated less than 30 minutes from Kona International Airport, the property is also within close proximity to major attractions like Akaka Falls National Park, Hilo, Mauna Loa Forest Reserve and Hawaii Volcanoes National Park.

“The Fairmont Orchid’s prime oceanfront location, strong cash flow and recent renovations generated significant lender interest,” Davis said. “The financing terms secured not only reflects confidence in the asset but also in the continued strength and resilience of Hawaii’s luxury hospitality sector.”

Mirae Asset Global Investments plans a multi-year, $110 million renovation project, with Phase 1 scheduled for completion this year.

“The strong sponsorship of Mirae Asset Global Investments and attractive market fundamentals made this a compelling opportunity that fits nicely within our broader lending strategy,” said James Nearon, Senior Director of NYLREI’s West Coast originations team.