FAIRMONT HOTELS & RESORTS ANNOUNCES NEW RESORT IN GREECE

TORONTO, December 10, 2008 – Fairmont Hotels & Resorts has announced a new property in Greece, the Fairmont Corfu Resort & Spa, slated to open in 2012. The resort will join Fairmont properties in the region including Fairmont Hotel Vier Jahreszeiten, Hamburg; Fairmont St. Andrews, Scotland; Fairmont Monte Carlo; London's Savoy, reopening next year following an extensive restoration and the future Fairmont Kyiv, Ukraine.

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 Château Frontenac in Québec City, Fairmont The Norfolk, Nairobi and London’s The Savoy, reopening in 2009. Fairmont hotels are one-of-a-kind properties where sophisticated travellers 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 Swissôtel 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 CORFU GARDENS S.A.
Corfu Gardens S.A. owns 26.5 hectares of land on the East side of Corfu Island, Greece and is a subsidiary of Austria-based Akrin Holding GmbH, which holds investments in European countries including Switzerland, Greece and Russia. The company's principal activities are hydrocarbon production and refinement in Western Siberia and Central Russia, property development and management in major cities throughout Russia and agricultural activities in Central Russia. The Corfu project, noted for its beauty and ideal location, is the company's first tourism venture.

December 10, 2008   Posted in: Greece