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hotelrooms.com Announces New Relationships with Major Hotel Chains - Fairmont Hotels & Resorts and La Quinta Sign On
23 October 2002

NEW YORK, HOTELROOMS.COM, which owns and operates the leading privately-held web portal to the lodging industry and the official hotel search engine, announced today it has garnered key relationships with two major hotel chains, Fairmont Hotels & Resorts [NYSE: FHR] and La Quinta Corporation [NYSE: LQI] . Under the terms of the agreement, Fairmont will subscribe 30 of their 39 properties and La Quinta will subscribe all 287 corporate-owned properties on the HOTELROOMS.COM web portal.

The acquisition of this major new business, further signals that HOTELROOMS.COM is increasingly becoming the benchmark value-enhancer and revenue-builder for the hotel industry. HOTELROOMS.COM's presence on the web has been steadily increasing in prominence after being selected as the clearinghouse for information on the industry's unified efforts in encouraging occupancy during the week of the first Patriot's Day commemoration (September 11, 2002).

"We are pleased to be meeting and exceeding our projections for growth in obtaining signatory hotel chains, which subscribe to the HOTELROOMS.COM web portal," said Mr. Avi Goldstein, president of HOTELROOMS.COM. "It is also very gratifying to know that the industry holds us in such high esteem, permitting us to participate in a nationwide industry effort to insure that the travel-lodging-tourism industry remains one of the nation's most vital sectors."

About HotelRooms.com

HOTELROOMS.COM owns and operates the leading privately-held webportal to the lodging industry and the official hotel search engine. Headquartered in Forest Hills, New York, HOTELROOMS.COM is the industry's only commission-free online hotel directory. The traveler is linked directly into a member property's website to book the best accommodations at the best rates. Member lodging companies increase online presence dramatically, and retain control of their own pricing and information flow. Launched in 2000, HOTELROOMS.COM currently serves more than 75 major hotel companies, comprising thousands of hotel properties. www.hotelrooms.com/ Tel. (800) 486-7000.

About Fairmont Hotels & Resorts:

Fairmont Hotels & Resorts [NYSE: FHR] is a unique collection of 39 prominent world-class resorts and city center hotels, located in six countries. Among their distinctive destination properties is The Plaza in New York, The Fairmont San Francisco and The Fairmont Banff Springs in Alberta, Canada. The Fairmont chain has been internationally heralded for their attention to exceptional service and luxurious surroundings. www.fairmont.com/ Tel. (800) 441-1414.

About La Quinta Corporation:

Dallas-based La Quinta Corporation [NYSE: LQI] , a limited-service lodging company, owns, operates or franchises more than 330 La Quinta Inns and La Quinta Inn & Suites in 33 states. www.lq.com/ Tel. (800) 531-5900.

ORGANIZATION
Hospitality NetHotelrooms.com
http://www.hotelrooms.com
108-18 Queens Blvd.
USA - Forest Hills, NY 11375
Tollfree: (800) 486-7000
Phone: (718) 730-6000
Fax: (718) 261-4598
Email: ag@hotelrooms.com




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