Fairmont Hotels & Resorts Inc. Appoints New CFO

Fairmont Hotels & Resorts Inc. Appoints New CFO
- John Carnella Named as Executive Vice President and CFO- 


TORONTO, Jan. 19  /PRNewswire-FirstCall/ -- Fairmont Hotels & Resorts Inc.
("Fairmont" or the "Company") (TSX/NYSE: FHR) announced today the appointment
of John Carnella as Executive Vice President and Chief Financial Officer
effective March 1, 2005, reporting to William Fatt, Fairmont's CEO.

"Continuing to extend Fairmont as a global luxury brand demands leveraging the
strength of our balance sheet and effectively deploying capital for expansion
opportunities," said Mr. Fatt. "The CFO plays a critical role executing
Fairmont's comprehensive growth strategy and ensuring stakeholder value."

Mr. Carnella brings over 16 years of finance, capital markets and real estate
investment experience to this position. Most recently he served as Senior Vice
President Finance and Treasurer of Host Marriott Corporation. Mr. Carnella
joined Host Marriott in 1997 and has held Senior Vice President roles in both
the Finance and Acquisition departments.

"John's proven finance experience and demonstrated business acumen make him the
ideal choice for optimizing Fairmont's financial performance," Mr. Fatt noted.

Mr. Carnella holds an MBA from The Wharton School of Business at the University
of Pennsylvania and a Bachelor's degree in Hotel Administration from Cornell
University. He will be based in Toronto.

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 approximately 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. 

DATASOURCE: Fairmont Hotels & Resorts Inc.



CONTACT: Media: Laura Fairweather, Executive Director

Public Relations, [phone], ,

http://www.fairmont.com/; Investors: Denise Achonu, Executive Director Investor

Relations, [phone], ,

http://www.fairmont.com/investor

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