Fairmont Hotels & Resorts Poised for Next Chapter of Growth

Fairmont Hotels & Resorts Poised for Next Chapter of Growth 


TORONTO, July 6  /PRNewswire-FirstCall/ -- In a continued effort to grow its
luxury brand, Fairmont Hotels & Resorts Inc. ("Fairmont" or the "Company")
(TSX/NYSE: FHR), today announced a new development structure that is intended
to accelerate growth through future acquisitions, joint ventures and new
development opportunities. In response, William Fatt, Chief Executive Officer
of Fairmont, is pleased to announce the appointment of two seasoned industry
executives who will be responsible for the Company's growth.

Tom Storey will take on the new role of Executive Vice President, Development
and will work alongside Fatt in Toronto to further define and execute
Fairmont's growth strategy. Along with his new responsibilities, Storey will
continue to oversee the Company's vacation ownership division, but will
relinquish his duties relating to sales and marketing.

Prior to this appointment, Storey served as Fairmont's Executive Vice
President, Business Development and Strategy and has sat on the Company's
investment committee for the past four years. Previously, he held senior
management positions with a number of U.S. lodging companies including
Marriott, Doubletree, Radisson and Promus, where he was involved in brand
expansion and major corporate transitions. Storey holds a Master's of Business
Administration degree from Cornell University and a Bachelor's degree in
economics from Bates College.

With several international projects currently under development and a number of
strategic partners located abroad, John Johnston will take on the new position
of Executive Vice President for Europe, Africa and the Middle East. Also
reporting to Fatt, Johnston will be responsible for managing Fairmont's
overseas operations and the brand's development opportunities in these regions.

Johnston holds a degree in Hotel Administration from the United Kingdom's
University of Birmingham and is a veteran hotelier who has worked with other
hotel companies including Four Seasons Hotels and Resorts and Loews Hotels.
Most recently, Johnston was Fairmont's Executive Vice President, Development.

"This new structure underscores our commitment to growth and increased
penetration in key U.S. and international markets," says Fatt. "I have great
confidence in these two professionals and trust their expertise will increase
and enhance Fairmont's global brand presence."

ABOUT FAIRMONT HOTELS & RESORTS

Fairmont Hotels & Resorts is a collection of world-class resorts and city
center hotels that enjoy unrivalled presence in the communities where they are
located. Operating 43 properties throughout six countries, Fairmont is
committed to providing guests with exceptional service in distinctive
surroundings. Featuring such storied hotels as The Fairmont San Francisco, The
Fairmont Banff Springs, Fairmont Le Chateau Frontenac and The Plaza, Fairmont
properties are often deemed attractions in and of themselves. For more
information on Fairmont, please call 1-800-441-1414 or visit
http://www.fairmont.com/. 

DATASOURCE: Fairmont Hotels & Resorts Inc.



CONTACT: Media: Laura Fairweather, Executive Director

Public Relations, Fairmont Hotels & Resorts, [phone],

, http://www.fairmont.com/; Investors: Emma Thompson,

Executive Director Investor Relations, Fairmont Hotels & Resorts,

[phone], , http://www.fairmont.com/investor

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