TORONTO -- Continuing its buying spree, Fairmont Hotels &
Resorts agreed to acquire The Orchid at Mauna Lani, on Hawaii, from
an affiliate of Colony Capital LLC for $140 million.
Fairmont will operate the property and reflag it the Fairmont
Orchid, Hawaii in December. The 538-room resort is located on the
island's northwest Kohala Coast.
It's the third acquisition or planned purchase by Fairmont in
recent weeks, joining deals involving the Fairmont Sonoma Mission
Inn & Spa in Northern California and the Monarch Hotel in