Hospitality Investors Understood to be Paying $26 Million For Fairmont Resort, Blue Mountains

MILLIONAIRE businessman Jerry Schwartz is understood to be in negotiations to buy the Fairmont Resort at the Blue Mountains for about $26 million.

The 210-room York Fairmont Resort at Leura is being sold by Deloitte partners, as receivers and managers of Brighten Pty Ltd, the former operator.

Mr Schwartz is a cosmetic surgeon and property owner.