Jones Lang LaSalle Hotels Arranges the Sale of Three Major Hotels for Fairmont Hotels & Resorts Inc

The Fairmont Acapulco Princess and The Fairmont Pierre Marques are luxury, full-service resorts located on 480 acres of land along 4,800 feet of beach in Acapulco’s exclusive Diamante neighborhood. The hotels are part of a planned community that includes two 18-hole golf courses, 91,500 square feet of meeting space, 15 food & beverage venues, four free-form swimming pools, a salt-water lagoon, a 14,000 square foot Willow Stream Spa, a 16-court championship tennis center and Fairmont Heritage Place, Fairmont’s private residence club offering.

The Fairmont Hamilton Princess is located on the shores of the Hamilton Harbor and adjacent to Bermuda’s financial and banking center. The luxury property offers 410 guestrooms, approximately 19,000 square feet of indoor and outdoor meeting space, three renowned food and beverage outlets, and full access to all of the guest amenities at The Fairmont Southampton.

“With the continued capital improvements expected for the three hotels, Goodman will ensure these world-class assets remain the preeminent hotels in their markets and will form a great foundation for the continued strategy to further develop the properties’ real estate component,” said Gregory Rumpel, executive vice president, Jones Lang LaSalle Hotels.

About Jones Lang LaSalle Hotels | Jones Lang LaSalle Hotels, the first and leading global hotel investment services firm, is uniquely positioned to provide both the depth and breadth of advice required by hotel investors and hotel companies, through a robust and integrated local network. In 2006, Jones Lang LaSalle Hotels provided sale and purchase advice on 186 hotel transactions globally; representing a combined value of US$9.3 billion, a total of 43,272 hotel rooms in 78 cities. In addition advisory and valuation services were provided on 589 assignments globally for 136,270 rooms across approximately 280 cities.

The global team comprises 187 hotel specialists, operating from 23 offices in 13 countries. The firm’s advice is supported by a dedicated global research team, which produced over 45 publications in 2006 in addition to client research. Jones Lang LaSalle Hotels’ services span the hospitality spectrum, from luxury single assets and large portfolios to select service and budget hotels, resorts and pubs. Their services include investment sales, mergers and acquisitions, capital raising, valuation and appraisal, asset management, strategic planning, operator selection, management contract negotiation, consulting, industry research and project development services. Jones Lang LaSalle Hotels’ clients have access to the resources of its parent company, Jones Lang LaSalle (NYSE: JLL).

About Fairmont Hotels & Resorts | With the opening of the landmark Fairmont San Francisco in April 1907, one of the world's leading luxury hotel brands was born. For over a century, Fairmont Hotels & Resorts has offered warm hospitality and timeless elegance in unforgettable locations. Throughout 2007, our 51 distinctive hotels in 12 countries, from fabled castles to secluded lodges and modern retreats, will celebrate a centennial of rich experiences and lasting memories. Committed to growing its portfolio of world-class hotels, which includes The Fairmont Banff Springs and London's Savoy, Fairmont will soon reflag four hotels in Kenya and anticipates the re-opening of New York's famed Plaza Hotel. Future Fairmont properties also include locations in Cairo, Abu Dhabi, Vancouver and South Africa. For more information or reservations, please call 1-800-441-1414 or visit .

Fairmont is owned by Fairmont Raffles Hotels International, a leading global hotel company with over 80 hotels in 25 countries worldwide under the Raffles, Fairmont and Swissôtel brands. The company also owns Fairmont Heritage Place and Fairmont Residences, which offer luxury vacation ownership and residential properties.

About Goodman Hospitality Investments | Goodman Hospitality Investments is part of the Goodman Investment Group, a multi-sector, private real estate company founded in 1980 and based in Seattle, Washington. The Company’s present portfolio has a market value of approximately $5.0 billion and spans the spectrum of risk-adjusted investments to include hotels and resorts, multi-family, office, retail, real estate development, and property management. In addition to Goodman Hospitality Investments, the Goodman Investment Group is comprised of Goodman Real Estate, Pinnacle Realty and Triad Development. John Goodman is the Company’s founder and serves as its Chairman.

Goodman Hospitality Investments is actively acquiring hospitality real estate properties across North America, Mexico and the Caribbean. Investment emphasis is placed on harvesting tangible value embedded in a variety of business plan-driven and arbitrage strategies. The Company distinguishes itself from traditional opportunity fund models with a tenacious approach to long-term investing and a distinct focus on luxury assets, an inflection point for institutional quality real estate and monetization vehicles to enhance investment returns. Laurent Poole serves as the President and Chief Executive Office of Goodman Hospitality Investments.