Big Island, Big Refi

Mirae Asset just secured a $136M refi for the 540-key Fairmont Orchid, with JLL brokering the deal and New York Life Real Estate Investors funding it. The resort’s in the middle of a $110M facelift, with Phase 1 wrapping this year—aimed at pushing rates, RevPAR, and ROI up the Kohala Coast.

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