Fairmont Hotels to Release Fourth Quarter

Fairmont Hotels & Resorts Inc. (“FHR”) (TSX/NYSE: FHR) will release its
fourth quarter and year-end earnings on January 28, 2004 to be followed by
a conference call that day at 1:30 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 416-405-9328 or
1-800-387-6216. 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 4:30 p.m. on January 28, 2004
through to February 4, 2004. To access the recording please dial
416-695-5800 or 1-800-408-3053 and use the reservation number 1518838.

A live audio webcast of this conference call will be available via FHR`s
investor website (http://www.fairmont.com/investor). An archived recording
of the webcast will remain available on the website until the next
quarterly earnings conference call.

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 Canada, the United States,
Mexico, Bermuda, Barbados and the United Arab Emirates. It holds an 83.5%
controlling interest in Fairmont Hotels & Resorts (“Fairmont”), North
America`s largest luxury hotel management company, as measured by rooms
under management. Fairmont manages 43 distinctive city center and resort
hotels such as The Fairmont San Francisco, The Fairmont Banff Springs,
Fairmont Le Chateau Frontenac and The Fairmont Scottsdale Princess. FHR
also holds a 100% 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 24 properties, two large
undeveloped land blocks and an approximate 35% investment interest in
Legacy Hotels Real Estate Investment Trust, which owns 24 properties.