Fairmont Hotels & Resorts

Fairmont Hotels & Resorts

November 19, 2008 10:39 ET

Fairmont Heritage Place Increases Portfolio With New Sun and Ski Destinations

New Property Additions Strengthen the Brand's Collection of World-Class Fractional Products

TORONTO, ONTARIO--(Marketwire - Nov. 19, 2008) - Fairmont Heritage Place, the private residence club offering from Fairmont Hotels & Resorts, today announced that it has assumed management of two North American-based private residence clubs formerly operated by Storied Places®, an Intrawest company. Joining Fairmont Heritage Place's exclusive collection are the Fairmont Heritage Place at Nature's Door, Whistler and Fairmont Heritage Place Inspiration, Miramar Beach in Sandestin, Florida. These additions enhance and extend the Fairmont Heritage Place portfolio, which now consists of five locations, over 200 luxury homes and more than 2,000 homeowners worldwide.

"The addition of these leading resort destinations, combined with recently announced private residence projects in places like the Kingdom of Sheba development on the Palm Jumeirah in Dubai, Zimbali in South Africa and Vail, Colorado, supports our residential growth strategy of adding developments that are of the highest quality, situated in the world's most spectacular locations, and offer a unique mix of lifestyle and leisure offerings," said Thomas W. Storey, President, Fairmont Hotels & Resorts. "New homeowners will have the opportunity to enjoy the exclusive benefits and privileges of Fairmont Heritage Place, such as club-to-hotel exchanges, and we look forward to providing them with the personalized and thoughtful service that has made Fairmont famous throughout the world."

Providing ski-in, ski-out access next to the Dave Murray Downhill Olympic Ski run, Fairmont Heritage Place at Nature's Door, Whistler features 22 well-appointed and fully furnished vacation homes. Reflecting the rustic charm of the Pacific Northwest, these luxury homes range in size from three to four-bedrooms and offer mountain inspired amenities like private outdoor hot tubs, customary wood-burning fireplaces, and wrap-around decks providing unparalleled views of Whistler Blackcomb. Original artwork by local British Columbian artisans adorn each home and all feature private media centers equipped with large flat panel televisions and DVD players.

Overlooking the protected wetlands of Choctawhatchee Bay and nestled amongst the lush fairways and manicured greens of the award-winning Burnt Pine Golf Club rests the 20 luxury homes of Fairmont Heritage Place Inspiration, Miramar Beach. Here homeowners enjoy the comfort of three-bedroom residences that showcase vaulted ceilings, wrought-iron canopy beds, and kitchenettes featuring White Carrera Bianco marble and stainless steel countertops. Within the resort development itself, homeowners also have convenient access to the new Village of Baytowne Wharf, four-championship golf courses, the Sandestin Golf Academy, a 98 slip-marina, 15 tennis courts, and 17 restaurants including waterfront dining.

"These exquisite private residence clubs are extremely successful and consistently receive some of the highest guest satisfaction ratings in the lodging industry," said Brian Collins, President at Intrawest ULC. "There is tremendous compatibility with our Storied Places fractional ownership concept and Fairmont's private residence club. This new ownership model will introduce the Fairmont brand to Sandestin and deepen their brand presence at Whistler Blackcomb which will maximize the benefits for owners. As we look toward the future, Intrawest will continue to seek opportunities to partner with Fairmont to design, build, manage and operate new and innovative real estate projects."

Fairmont Heritage Place is a leading operator of private residence clubs throughout the world. Featuring luxury home developments in world-class destinations like San Francisco, Telluride and Acapulco, Fairmont Heritage Place combines the impressive amenities and attentive service of Fairmont Hotels & Resorts with the luxurious comforts of an elegant private retreat. Fairmont Heritage Place owners, as well as being able to enjoy their own homes, can utilize their allotted time at other Fairmont Heritage Place locations around the world. They also have the unique opportunity to enjoy exchange privileges at Fairmont's collection of distinctive hotels and resorts, including landmark properties like the century-old Savoy hotel in London and The Fairmont Banff Springs in the Canadian Rockies.

About Fairmont Heritage Place

Fairmont Heritage Place is an exclusive private residence club collection offering vacation home ownership in some of the world's most sought after locations. Fairmont Heritage Place Acapulco, its first residence club, opened in September 2004 and is now sold out. Fairmont Heritage Place also manages the Fairmont Heritage Place Franz Klammer Lodge in Telluride, Colorado and San Francisco's Fairmont Heritage Place, Ghirardelli Square, which officially opened in August 2008. Sales are currently underway for Fairmont Heritage Place, Kingdom of Sheba, on the Crescent of The Palm Jumeirah island in Dubai, and Fairmont Heritage Place, Zimbali, South Africa. Future development is being planned at select Fairmont resort locations including Vail, Colorado; Rock Ki, Dominican Republic; Oman; and Palm Desert, California. For additional information, please visit: www.fairmontheritageplace.com.

About Fairmont Hotels & Resorts

A leader in the global hospitality industry, Fairmont Hotels & Resorts is an extraordinary collection of luxury hotels, which includes iconic landmarks like Fairmont Le Chateau Frontenac in Quebec City, Fairmont The Norfolk, Nairobi and London's The Savoy, reopening in 2009. Fairmont hotels are one-of-a-kind properties where sophisticated travelers can discover culturally rich experiences that are authentic to the destination. Situated in some of the most exclusive and pristine areas in the world, Fairmont is committed to responsible tourism and is an industry leader in sustainable hotel management with its award-winning Green Partnership program. Fairmont's portfolio includes 56 distinctive hotels, with plans to develop over 25 new properties in the coming years in destinations as diverse as Shanghai, Morocco and Anguilla.

Fairmont is owned by Fairmont Raffles Hotels International, a leading global hotel company with 91 hotels worldwide under the Raffles, Fairmont and Swissotel brands. The company also manages Fairmont and Raffles branded Residences, Estates and luxury private residence club properties. For more information or reservations, please call 1-800-441-1414 or visit www.fairmont.com.

About Intrawest

Intrawest is a world leader in experiential destination resorts. The company has interests in ten resorts at North America's most popular mountain destinations including Whistler Blackcomb, a host venue for the 2010 Olympic and Paralympic Winter Games. The Intrawest network also includes Canadian Mountain Holidays, the largest heli-skiing operation in the world, Sandestin Golf and Beach Resort in Florida and Club Intrawest-a private resort club with locations throughout North America. In addition, Intrawest develops, markets and sells real estate at its resorts and at other locations across North America and in Europe. Intrawest is headquartered in Vancouver, British Columbia. For more information, visit www.intrawest.com.

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