Fairmont Hotels & Resorts Inc. to Release First Quarter Earnings

Fairmont Hotels & Resorts Inc. (“FHR”) (TSE and NYSE symbol: FHR) will release its first quarter earnings on April 15, 2002 to be followed by a conference call that day at 4:30 p.m. Eastern Time. Participating on the call will be FHR`s Chief Executive Officer, William R. Fatt, along with Chris J. Cahill, President and Chief Operating Officer, and M. Jerry Patava, Executive Vice President and Chief Financial Officer.
Investors are invited to access the call by dialing 416-641-6714 or 1-888-424-1091. You will be required to identify yourself and the organization on whose behalf you are participating. A recording of this call will be made available beginning at 6:30 p.m. on April 15, 2002 through to 11:00 p.m. on April 22, 2002. To access the recording please dial 1-800-633-8625 and use the reservation number 20476085.

FHR`s annual and special meeting of shareholders will also be held on April 15, 2002 at 10:00 a.m. Eastern Time at The Fairmont Royal York in Toronto. Access to the meeting will be restricted to registered shareholders.

Live audio webcasts of the first quarter conference call and the annual and special meeting of shareholders will be available via FHR`s website (www.fairmont.com/investor). An archived recording of the webcasts will remain available on the website following each event. To listen to the webcasts, users require a sound-enabled computer with a Pentium or PowerPC processor, 16MB RAM, Windows 95 (or later) or Mac OS or Linux, a 28.8 Kbps Internet connection (or better) and the appropriate version of the Microsoft Media Player. A free, downloadable version of the Microsoft Media Player can be downloaded at the Microsoft Media Player download site (http://www.Microsoft.com/windows/windowsmedia/download/default.asp) or via the FHR website.

FHR is one of North America`s leading owner/operators of luxury hotels and resorts. FHR`s portfolio consists of 77 luxury and first class properties with approximately 31,000 rooms in Canada, the United States, Mexico, Bermuda, Barbados and the United Arab Emirates. It holds a 67 percent controlling interest in Fairmont Hotels & Resorts (“Fairmont”), North America`s largest luxury hotel management company. Fairmont manages 38 distinct city center and resort hotels such as The Fairmont San Francisco, The Fairmont Banff Springs, Fairmont Le Chateau Frontenac, The Fairmont Scottsdale Princess and The Plaza in New York City. FHR also holds a 100 percent interest in Delta Hotels, Canada`s largest first class hotel management company, which manages and franchises a portfolio of 39 city center and resort properties in Canada. In addition to hotel management, FHR holds real estate interests in 21 properties and an approximate 35 percent investment interest in Legacy Hotels Real Estate Investment Trust, which owns 21 properties.