Fairmont Hotels & Resorts Inc. Declares Dividend

Fairmont Hotels & Resorts Inc. Declares Dividend 


TORONTO, June 3  /PRNewswire-FirstCall/ -- The Board of Directors of Fairmont
Hotels & Resorts Inc. ("FHR")(TSX/NYSE: FHR) has declared a semi- annual
dividend of four cents (U.S.$0.04) per share on the outstanding common shares,
payable on July 28, 2004, to holders of record at the close of business on June
28, 2004.

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 82 luxury and first-class
properties with more than 33,000 guestrooms in the United States, Canada,
Mexico, Bermuda, Barbados and the United Arab Emirates. It holds an 83.5%
controlling interest in Fairmont Hotels Inc., North America's largest luxury
hotel management company, as measured by rooms under management. Fairmont
manages 44 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 38 city center and resort properties in Canada. In
addition to hotel management, FHR holds real estate interests in 23 properties
and an approximate 35% investment interest in Legacy Hotels Real Estate
Investment Trust, which owns 24 properties. 

DATASOURCE: Fairmont Hotels & Resorts Inc.



CONTACT: Emma Thompson, Executive Director Investor Relations,

Tel: [phone], Email: , Website:

http://www.fairmont.com/

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