June 23, 2022

The Cedars To Become A Fairmont-Branded Luxury Residence

The Cedars, a historic hotel owned by the Shipman family since 1976 and located in Hendersonville, North Carolina, is set to become Fairmont Heritage Place – The Cedars, Hendersonville, the first luxury residential development of its kind in the Blue Ridge Mountain region. The development will comprise 127 luxury condo units in two new six-story, mid-rise buildings connected to the restored original building by a glass atrium. The condos will consist of one-, two- and three-bedroom units and penthouses, with prices ranging from $550,000 to $4 million. The historic building will contain a lobby lounge, bar, signature restaurant, specialty café and front desk. The property will also feature flexible meeting and events spaces, an expansive wellness center with spa, multiple swimming pools, a fitness center, a cooking school, a multifunctional family room and retail space. Owners will be able to participate in a rental program, where they can let Fairmont rent out their condos to short-term renters.

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In February 2021, the Hendersonville City Council approved the rezoning of the property to support the restoration of the historic building and the development of two new condo buildings. Work on the site is now beginning, with residences set to debut in early 2025. Market studies show less than two months’ supply of available housing inventory, with demand outnumbering supply. The Cedars will continue to host weddings, and the west lawn will be redone with weddings in mind.

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The Cedars hotel, which sits on the National Register of Historic Places, was originally built in 1914 for Jeannie Bailey, whose husband J.W. Bailey headed Southern Railway. Fairmont is part of Accor, the second-largest operator of luxury hotels in North America and a leading hospitality group worldwide, with more than 80 locations around the globe and several under development.

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Fairmont CEO Heather McCrory said the development will be the most luxurious branded residential offering in the state, adding that Fairmont is committed to the stewardship of landmark hotels, restoring and preserving historic buildings with great care. The sales gallery is currently open and located at 739 North Main St., Hendersonville. Sales are expected to launch soon.

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Fairmont Heritage Place North Carolina – The Cedars, Hendersonville
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Fairmont Heritage Place – The Cedars (“Residential Project”) is not owned, developed, or sold by Accor Hotels & Resorts (Maryland) LLC or its affiliates.  Cedars Lodge & Spa, L.L.C., a North Carolina limited liability company (“Licensee”), is independently owned and operated and is solely responsible for the ownership, development, and operation of the Residential Project. Licensee uses the Fairmont Brand and certain Fairmont trademarks pursuant to a limited, non-exclusive, non-transferable and non-sub licensable license from Accor Hotels & Resorts (Maryland) LLC.  Under certain circumstances, the license may be terminated or revoked according to its terms in which case neither the individual residential residences (“Residences”) nor any part of the Residential Project will be identified as a Fairmont branded project or have any rights to use the Fairmont trademarks. Accor Hotels & Resorts (Maryland) LLC does not make any representations or guarantees with respect to the Residences or the Residential Project and is not responsible for Licensee’s marketing practices including this website, advertising, and sales representations.

This is not intended to be an offer to sell, or solicitation to buy, condominium units to residents of any jurisdiction where prohibited by law, and your eligibility for purchase will depend upon your state of residency. This offering is made only by the Public Offering Statement for the condominium and no statement should be relied upon if not made in the Public Offering Statement required by the North Carolina Condominium Act. No real estate broker or salesperson is authorized to make any representations or other statements regarding this project, and no agreements with, deposits paid to or other arrangements made with any real estate broker are or shall be binding on the Developer. All improvements, designs and construction are subject to first obtaining the appropriate federal, state and local permits and approvals for same. These drawings and depictions are conceptual only and are for the convenience of reference and including artists renderings. The developer expressly reserves the right to make modifications, revisions, and changes it deems desirable in its sole and absolute discretion. The project graphics, renderings and text provided herein are copyrighted works owned by the developer. All rights reserved. Unauthorized reproduction, display or other dissemination of such materials is strictly prohibited and constitutes copyright infringement.