I don’t know why you would recognize it. I haven’t used it before. Fairmont is a name that basically means “fair mountain” (though it can be translated so loosely as to be “good place” or something similar). I like using names like that. Hilton is a town on a hill(s) (literally “Hill town”), Blackbush has black bushes in the area. I know of a company/business named Fairmont (but the only thing I know about them is that they have a big building in Austin, Texas)