Fairmont Hotels & Resorts

Fairmont Hotels & Resorts

February 28, 2007 10:08 ET

Fairmont Hotels & Resorts Announces New Hotel in Pittsburgh

Fairmont Pittsburgh to Debut in Summer 2009

TORONTO, ONTARIO--(CCNMatthews - Feb. 28, 2007) - Fairmont Hotels & Resorts is pleased to announce that it will manage Pittsburgh's newest hotel to be housed in Three PNC Plaza, a 780,000 square foot mixed-use "green" building complex now under construction by The PNC Financial Services Group, Inc. (NYSE:PNC) in the heart of downtown. Fairmont Pittsburgh, expected to open in Summer 2009, will be built according to sustainable design and construction guidelines. In addition to the hotel, the complex will include a 326,000 square foot office building, the first of its kind in 20 years.

William R. Fatt, Fairmont's Chief Executive Officer, said, "We are delighted to place the Fairmont name on this hotel." He added, "the new location further extends Fairmont's presence in the highly desirable northeastern portion of United States while strengthening our commitment to responsible tourism."

The hotel, which will be located at Fifth Avenue and Market Street adjacent to Pittsburgh's Cultural District, will feature 185 guest rooms, approximately 12,000 square feet of meeting space including a 6,000 square foot divisible ballroom, a lobby lounge and bar, an 8,000 square foot spa and fitness center and a three-meal restaurant.

The entire building is intended for certification under the U.S. Green Building Council's Leadership in Energy and Environmental Design (LEED) Green Building Rating System™, a nationally accepted benchmark for the design, construction, and operation of high performance green buildings.

Mr. Fatt continued, "PNC's commitment to building "green" complements our own philosophy of operational sustainability and responsible tourism within the hotel industry. We look forward to developing a hotel which will embody the Fairmont Green Partnership program, a comprehensive approach to reducing our hotels' impact on the environment."

The Fairmont Pittsburgh's entrance, restaurant and meeting space will be located on the ground and second floors while the hotel rooms will be situated on the top 10 floors of the 23 story building offering sweeping views of the city that include the Allegheny River and nearby PNC Park.

"We are excited about the opportunity to bring Fairmont to Pittsburgh. The presence of this hotel supports the economic rehabilitation of downtown Pittsburgh and the region's efforts to attract more convention and tourism business while complementing the PNC campus," said Gary Saulson, PNC Director of Corporate Real Estate.

About The PNC Financial Services Group, Inc.

The PNC Financial Services Group, Inc. (www.pnc.com) is one of the nation's largest diversified financial services organizations providing retail and business banking; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management; asset management and global fund services.

About Fairmont Hotels & Resorts

Fairmont Hotels & Resorts is a leader in sustainable tourism and was the first major hotel chain in North America to embrace environmental stewardship in its daily operations through the implementation of its own Green Partnership Program. The program focuses on improvements in the areas of waste management, energy and water conservation, as well as a strong element of community outreach through local groups and partnerships.

Featuring a collection of fabled castles, secluded lodges, storied meeting places and modern retreats, Fairmont Hotels & Resorts opens the doors to some of the world's most celebrated addresses. With locations throughout ten countries, our 50 distinctive hotels - including The Fairmont San Francisco, The Fairmont Banff Springs and London's Savoy - promise travelers rich experiences and lasting memories in unparalleled settings. Committed to growing its portfolio of world-class hotels, Fairmont will soon reflag four hotels in Kenya and anticipates the 2007 re-opening of New York's famed Plaza Hotel. Future Fairmont Hotels & Resorts also include locations in Cairo, Abu Dhabi, Vancouver and South Africa. Fairmont Raffles Hotels International operates over 120 hotels worldwide under the Fairmont, Raffles, Swissotel and Delta brands, as well as vacation ownership properties managed by Fairmont Heritage Place. For more information or reservations, please call 1-800-441-1414 or visit www.fairmont.com.

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