{"id":1004120157,"date":"2015-05-27T05:36:56","date_gmt":"2015-05-27T13:36:56","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=348246"},"modified":"2022-12-07T21:33:43","modified_gmt":"2022-12-08T05:33:43","slug":"hawaiis-fairmont-orchid-hotel-sold-to-korean-investor-for-200-3m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hawaiis-fairmont-orchid-hotel-sold-to-korean-investor-for-200-3m\/","title":{"rendered":"Hawaii\u2019s Fairmont Orchid Hotel Sold to Korean Investor for $200.3M"},"content":{"rendered":"

\"\"<\/a>By Adriana Pop, Associate Editor <\/em><\/p>\n

Korea-based Mirae Asset, one of Asia\u2019s largest independent financial services firms, has acquired the Fairmont Orchid hotel on Hawaii\u2019s Big Island.<\/p>\n

According to the Pacific Business News<\/a><\/em>, Oaktree Capital Management LP and an affiliate of Woodbridge Capital Partners LLC sold the oceanfront property for $200.3 million.<\/p>\n

Seoul’s Mirae Asset formed Maps Orchid Hotel LLC to close on the purchase, which marks one of the first major hotel acquisitions by a Korean firm in Hawaii.<\/p>\n

Located in Waikoloa on 32.6 acres along the Kohala Coast, the 538-key luxury resort offers a variety of activities and services, such as canoe paddling, lei making by the ocean, botanical tours, \u201cturtle talk\u201d sessions and archeological hikes. Other amenities include a Hawaiian-style day spa that extends to a full salon and a 24-hour fitness center with a 10,000-square-foot oceanfront swimming pool and world-class tennis courts. Guests also have access to a 36-hole golf course, memorable wedding space, great shopping and the Keiki Aloha Children’s Program.<\/p>\n

A company executive for the buyer told the newspaper that Mirae Asset decided to purchase the property in anticipation of an increased number of visitors from China.<\/p>\n

Oaktree Capital Management LP and its partner bought the hotel in 2011. Earlier in 2009, Westbrook Partners, which had acquired the property for $250 million from Fairmont Hotels & Resorts Inc. in 2005, turned it over to lender Barclays Capital through a deed in lieu of foreclosure.<\/p>\n

Oaktree Capital Management also owned the Turtle Bay Resort until it was taken over by a consortium of lenders through a deed in lieu of foreclosure in February 2010.<\/p>\n

Photo credit: www.fairmont.com<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Korea-based Mirae Asset, one of Asia’s largest independent financial services firms, has recently acquired the Fairmont Orchid hotel on Hawaii’s Big Island.<\/p>\n","protected":false},"author":260,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1588,21742],"tags":[],"class_list":["post-1004120157","post","type-post","status-publish","format-standard","hentry","category-honolulu","category-latest"],"acf":[],"yoast_head":"\nHawaii\u2019s Fairmont Orchid Hotel Sold to Korean Investor for $200.3M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/hawaiis-fairmont-orchid-hotel-sold-to-korean-investor-for-200-3m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hawaii\u2019s Fairmont Orchid Hotel Sold to Korean Investor for $200.3M\" \/>\n<meta property=\"og:description\" content=\"Korea-based Mirae Asset, one of Asia’s largest independent financial services firms, has recently acquired the Fairmont Orchid hotel on Hawaii’s Big Island.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/hawaiis-fairmont-orchid-hotel-sold-to-korean-investor-for-200-3m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-05-27T13:36:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T05:33:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/05\/Fairmont-Orchid-Hawaii.jpg\" \/>\n<meta name=\"author\" content=\"Adriana Pop\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hawaiis-fairmont-orchid-hotel-sold-to-korean-investor-for-200-3m\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hawaiis-fairmont-orchid-hotel-sold-to-korean-investor-for-200-3m\\\/\"},\"author\":{\"name\":\"Adriana Pop\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/c6fbe4a6cd09e6097b39e787ae96d7ad\"},\"headline\":\"Hawaii\u2019s Fairmont Orchid Hotel Sold to Korean Investor for $200.3M\",\"datePublished\":\"2015-05-27T13:36:56+00:00\",\"dateModified\":\"2022-12-08T05:33:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hawaiis-fairmont-orchid-hotel-sold-to-korean-investor-for-200-3m\\\/\"},\"wordCount\":281,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hawaiis-fairmont-orchid-hotel-sold-to-korean-investor-for-200-3m\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/05\\\/Fairmont-Orchid-Hawaii.jpg\",\"articleSection\":[\"Honolulu\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hawaiis-fairmont-orchid-hotel-sold-to-korean-investor-for-200-3m\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hawaiis-fairmont-orchid-hotel-sold-to-korean-investor-for-200-3m\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hawaiis-fairmont-orchid-hotel-sold-to-korean-investor-for-200-3m\\\/\",\"name\":\"Hawaii\u2019s Fairmont Orchid Hotel Sold to Korean Investor for $200.3M - 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