Fairmont Hotels & Resorts

Fairmont Hotels & Resorts

September 18, 2008 09:37 ET

Fairmont Hotels & Resorts Expands in Boston

Fairmont Battery Wharf to Open in December 2008

TORONTO, ONTARIO--(Marketwire - Sept. 18, 2008) - Fairmont Hotels & Resorts has announced that it will manage the new Fairmont Battery Wharf located on Boston's vibrant waterfront, adjacent to the city's historic North End. Fairmont Battery Wharf Boston is scheduled to open in December 2008, joining a collection of luxury hotels that includes The Plaza in New York, The Savoy (scheduled to reopen in 2009) in London, and the iconic Fairmont Le Chateau Frontenac in Quebec City. With The Fairmont Copley Plaza, Fairmont Battery Wharf will become the brand's second hotel in Boston.

"I'm delighted to learn that the Fairmont brand will have an extended presence in our city with the operation of a new hotel at Battery Wharf," Mayor Thomas M. Menino said. "This waterfront redevelopment project will bring numerous benefits to the city and greatly increase public access along the waterfront. Fairmont's investment in the city is further proof that Boston is a top destination and our hotel market remains strong."

The contemporary hotel will feature 150 elegantly appointed guestrooms, including Fairmont Gold, the brand's exclusive lifestyle offering featuring warm and personalized service with amenities such as private reception and a comfortable guest lounge. Guestrooms will be spacious with a large work area, marble baths and all of the technology features consistent with five-diamond standards. The decor will be residential in style and inspired by the property's harbor side location.

Fairmont Battery Wharf will offer 6,000 square feet of meeting space, making it ideal for small corporate groups, as well and intimate social events. The property will also feature a restaurant, designed with guidance from three-star Michelin Chef Guy Martin, and lounge with harbor views and water taxi service to Boston Logan International Airport. Comprised of three buildings in a private enclave, Fairmont Battery Wharf will be an exclusive retreat for business and leisure travelers, as well as the local community.

"This is a great opportunity for Fairmont to operate Boston's newest luxury waterfront hotel," said Paul S. Tormey, Regional Vice President, Fairmont Hotels & Resorts, Northeast U.S. and Bermuda. "Fairmont Battery Wharf expands our presence in the Boston market and offers guests a sophisticated modern retreat taking full advantage of its waterfront location and close proximity to the North End."

The lead investor in the Battery Wharf project is a large institutional client of PNC Realty Investors, Inc. (PRI), an indirect subsidiary of The PNC Financial Services Group, Inc. "Fairmont is a well respected name in the international hospitality industry, well-known for its uncompromising guest service standards," said Kevin P. McCarthy, Managing Principal and President of PRI. "Fairmont Battery Wharf will be an excellent addition to the thriving Boston waterfront, and we are confident that with Fairmont management, the hotel will grow to be the most desirable waterfront location in the city to visit, providing the residents of Battery Wharf, as well as hotel guests, an array of luxury services and amenities."

"The Boston Waterfront is an exciting area of development in the city, and we are delighted to be managing Fairmont Battery Wharf," said Thomas W. Storey, President, Fairmont Hotels & Resorts. "Together with Fairmont Pittsburgh, which will open in 2009, this new luxury hotel will be an excellent expansion of the Fairmont Hotels & Resorts brand in the United States."

Recent international announcements have included Fairmont Hyderabad, India; Fairmont Roco Ki, Dominican Republic; Fairmont Haitang Bay Resort, Sanya, China; Fairmont Marrakech, Morocco; and Fairmont Manila, Philippines.

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 The PNC Financial Services Group, Inc.

The PNC Financial Services Group, Inc. (PNC) (http://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. PNC Realty Investors, Inc, (PRI) is an indirect subsidiary of PNC and provides real estate advisory services for institutional clients, including the AFL-CIO Building Investment Trust (BIT). The BIT is a $2.9 billion bank collective trust fund serving pension plans with union beneficiaries. Additional information on the BIT can be found at http://www.aflcio-bit.com. The BIT is the lead investor in Battery Wharf project. Investments and interests in the BIT are not FDIC-insured, are not guaranteed by PNC Bank, any of its affiliates, or any Federal Government agency, and may lose value.

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