The Fairmont Orchid Resort has been sold to South Korea-based Mirae Asset, one of Asia’s largest independent financial services firms, for $200.3 million, according to public documents obtained by Duane Shimogawa ofPacific Business News.
It’s among the first purchases of a major Hawaii hotel by a Korean firm. The sale closed last Friday, and Mirae Asset formed Maps Orchid Hotel LLC for the ownership of the hotel.
Oaktree Capital Management LP and an affiliate of Woodbridge Capital Partners LLC, were the sellers, owning it since 2011.