Fairmont Hotels & Resorts Assumes Management Of The Savoy Hotel In London

Fairmont Hotels & Resorts Assumes Management Of The Savoy Hotel
In London 


TORONTO, Jan. 19  /PRNewswire-FirstCall/ -- Fairmont Hotels & Resorts Inc.
("Fairmont") (TSX/NYSE: FHR) is pleased to announce that it has assumed
management of The Savoy Hotel, one of London's most-recognized luxury hotel
properties.

Kingdom Hotels International ("Kingdom"), a company affiliated with His Royal
Highness Prince Alwaleed Bin Talal Bin Abdulaziz Al Saud and Bank of Scotland
Corporate, part of HBOS plc, also announced today the acquisition of the hotel
from Quinlan Private.

The hotel will now be known as "The Savoy, A Fairmont Hotel". This hotel is
Fairmont's second destination in Europe, following closely on the December 2004
acquisition of the Monte Carlo Grand, purchased by Fairmont, Kingdom and Bank
of Scotland Corporate in the first transaction for their joint venture aimed at
investing in luxury hotels across Europe.

"We are extremely pleased to have added The Savoy to the Fairmont collection,"
said William R. Fatt, Fairmont's Chief Executive Officer. "Fairmont is looking
forward to ongoing brand growth in Europe and continuing our successful
relationship with Prince Alwaleed and Bank of Scotland."

About The Savoy

Built in 1889 as an annex to Richard D'Oyly Carte's adjacent Savoy Theatre the
263-room Savoy offers 19,000 square feet of distinctive function space,
stunning Thames views and an incomparable location close to Covent Garden, the
West End theatres, Trafalgar Square and the City financial district. Its famous
features include the Michelin-starred Savoy Grill, the American Bar and one of
two rooftop pools in the city. In January 2005, The Savoy was noted on both the
"Conde Nast Traveler Gold List" and the "Travel + Leisure 500" alongside other
celebrated Fairmont Hotels & Resorts.

About Fairmont Hotels & Resorts Inc.

FHR is one of North America's leading owner/operators of luxury hotels and
resorts. FHR's managed portfolio consists of 83 luxury and first-class
properties with more than 33,000 guestrooms in the United States, Canada,
Mexico, Bermuda, Barbados, United Kingdom, Monaco and the United Arab Emirates.
FHR owns Fairmont Hotels Inc., North America's largest luxury hotel management
company, as measured by rooms under management, with 46 distinctive city center
and resort hotels such as The Fairmont San Francisco, The Fairmont Banff
Springs and The Fairmont Scottsdale Princess. FHR also owns Delta Hotels,
Canada's largest first-class hotel management company, which manages and
franchises 37 city center and resort properties in Canada. In addition to hotel
management, FHR holds real estate interests in 23 properties and an approximate
24% investment interest in Legacy Hotels Real Estate Investment Trust, which
owns 24 properties.

Note to Editors: Images available upon request. 

DATASOURCE: Fairmont Hotels & Resorts Inc.



CONTACT: Fairmont Hotels & Resorts Inc., Media: Laura Fairweather,

Executive Director, Public Relations, Tel: [phone], Email:

, Website: http://www.fairmont.com/; Investors:

Denise Achonu, Executive Director, Investor Relations, Tel: [phone],

Email: , Website: http://www.fairmont.com/investor

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